Previous poster was talking about 2 distinct different type of investing / trading.
If you can justify a trading business then purchases and sale of shares plus any associated costs are treated as income / expenditure like any business. Any losses or profits will then be accounted for with other income.
If you are just investing then you can only account for capital gains / losses as stated.
As suggested always a good idea to keep trading totally separate to other capital invested shares as it needs to be clear what, why & how you are trading (can't be just done a whim).
Would be wise to talk to your Acct before establishing a trading business or if this is a bit unclear...................
Previous poster was talking about 2 distinct different type of...
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Last
$36.48 |
Change
0.540(1.50%) |
Mkt cap ! $112.5B | |||
| Open | High | Low | Value | Volume |
| $36.33 | $36.59 | $36.26 | $194.8M | 5.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $36.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.48 | 5082 | 1 |
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| NAB (ASX) Chart |