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
$61.20 |
Change
0.300(0.49%) |
Mkt cap ! $11.89B |
Open | High | Low | Value | Volume |
$60.99 | $61.48 | $60.71 | $27.45M | 448.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 801 | $61.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$61.20 | 11308 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 801 | 61.130 |
1 | 100 | 61.070 |
1 | 1100 | 61.030 |
1 | 50 | 61.000 |
2 | 1463 | 60.970 |
Price($) | Vol. | No. |
---|---|---|
61.200 | 11308 | 2 |
61.210 | 710 | 3 |
61.240 | 573 | 3 |
61.250 | 845 | 2 |
61.270 | 663 | 2 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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