ato share trader question, page-29

beeeater wrote in post #1...

"Assuming that one has been classed by the ATO as a Share Trader....
When you work out your Purchases..
do the Purchases include parcels of shares that....
a)have only been bought AND sold in same tax year.
OR
b)have been bought that tax year, regardless of whether they have been sold."


20/09/2012
just for the record........the answer is b, provided you have been classed as a trader by the ATO.

PS - thx to all for your inputs.
- HC ROCKS ;-)