I missed the AIO express this time. Well done guys.
Once there is any sort of routine with share purchasing and selling you will generally get pushed out of the scope of CGT and into that of "carrying on a business".
That's good news as it has never been a better time to upgrade your home computer with the 30% investment allowance. And assuming you turn over more than $20,000 worth of shares in the financial year you may also offset the losses against your other assessable income.
However, the 50% discount on "capital gains" wouldn't be available.
Cheers traders,
bigcrazau
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