One liner ..... Keep stocks less than a year pay your marginal tax on all profits , more than a year 50 % .
Use mark to market every year to reduce your trading profit ( unless you had an exceptional year ) if a rabid trader.
Keep a good diary of trading costs ( pc ,internet , trips to broker ,office and office maintenance costs ) all are offset against your income
Ann: Trading Halt-PIO.AX, page-168
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