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18,306 Posts.

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16/08/17

23:25

Post #: 26547516
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Originally posted by amy117 ↑

I am a tax accountant that dabbles in shares (and fortunately am also on the AVZ train). Hopefully the below helps:
- Trading shares under your own name: the capital gain just gets added to your other income for the year and whichever tax bracket you happen to be in, that is the tax you pay. Any shares held over 12 months get a 50% discount. So some other posters are right, no planning opportunities there if you trade the shares in your own name.
- Trading under a company: no discount, company tax rate
- Trading inside an self-managed super fund: 33.33% discount, tax rate is 15%
- A trust pays no tax as income is streamed to beneficiaries

So my best advice is to have your own SMSF if you make a lot of money as a trader and you do not need the cash to live - you can only access monies inside SMSF after a certain age. Other than that set up a family trust and have lots of beneficiaries. Happy trading!

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what if someone was single and no beneficiaries?!!

AVZ Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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