Hipopp the ATO accesses someone if they are to be classified as a trader or investor from their trading activities. You cannot deem yourself to be one or the other. Your trading/investing style does.
Capital gains tax only needs to be paid on a realized profit. Realized meaning the position or part of has been closed.
You won't be able to avoid tax other then closing a position at a loss regardless of how long you hold the stock.
Distinguishing between being a investor and trader can be a grey area. If your someone who typically holds stock for long periods of time(12 mths or more) then your a investor. If your someone who holds stock short periods of time, has a high turnover and basically carry's your activities on like a business then your a trader.
As an investor the biggest advantage is getting the 50% CGT discount if your holding was closed after 12mths. For example if you made $10000 on BHP and held the stock for 13mths, only 50% of the profit($5000) is taxed at your marginal rate.
If you sell your holding before 12 mths, regardless if your a investor or trader your whole $10000 profit will be taxed at your marginal rate.
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Last
$64.97 |
Change
-0.010(0.02%) |
Mkt cap ! $12.59B |
Open | High | Low | Value | Volume |
$64.98 | $65.50 | $64.22 | $26.87M | 414.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 107 | $64.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$64.98 | 807 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 107 | 64.800 |
1 | 807 | 64.730 |
1 | 10 | 64.690 |
2 | 1160 | 64.680 |
2 | 1160 | 64.630 |
Price($) | Vol. | No. |
---|---|---|
64.980 | 807 | 1 |
65.000 | 15 | 1 |
65.030 | 807 | 1 |
65.040 | 353 | 1 |
65.080 | 807 | 1 |
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