100% agree - and to add, this is why we have CGT event K4 - when a CGT asset becomes trading stock, and Section Sect 70.110 of the ITAA - when trading stock becomes a CGT asset.
Switching between the two methods has tax implications.
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- Anyone with a "trading " account and also an "investor" account?
100% agree - and to add, this is why we have CGT event K4 - when...
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