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Anyone with a "trading " account and also an "investor" account?, page-5

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tokyo

13,749 Posts.

435

10/10/21

17:56

Post #: 56694042
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Originally posted by cutty: ↑

If the assets are held for investment, then yes of course. I am not sure why an accountant couldn't provide this advice.

Are you sure you meet the definition of a "trader". I would be speaking to the ATO to assure yourself you meet the criteria.

There are lots of people who try to play the I am a trader, now an investor, now a trader game. They have little time for this.

If it's legitimate, you have no issues claiming the discount.

I get the impression your accountant doesn't endorse what you are doing.

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The safest way to get around this issue is to say put your investment assets in a "family trust" and and do your trading say in your own name or a PTY LTD
My opinion only
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