abbeyrose1
"trader is when it is your main source of income" .... not so.
The test the ATO uses has to do with intent, frequency, whether it is treated as a business etc. This has been covered on HC many times.
Trusts have to distribute profit (or loss) each financial year (not wait until you die). Advantage of a discretionary trust is that profits (or losses) can be distributed to whoever the trustee desires .... ie to minimize tax or whatever
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