IDL 0.00% $1.27 industrea limited

sskimjust a question -if you don't minddo you classify yourself...

  1. 525 Posts.
    sskim

    just a question -if you don't mind

    do you classify yourself as a trader or investor with the tax man -by the sounds of it you are a trader

    I've set up 2 bell direct accounts -one under my wife's name and 1 under my name

    the long termers are under my name - and i trade with my wife's account

    this way I can claim the interest on my investment loans etc...under my name and avoid capital gains tax with my wife's account

    therefore I'm trying to be an investor under my name and a trader under my wife's account

    Anyone else doing this? I'm very new to this game and not sure if I'm doing the right thing - In many ways I'd rather just keep the lot in my account and trade occasionally (- but i don't want to trigger too many capital gains )- that's if i keep myself an investor with the tax man.

    As an example I haven't sold IDL ( and yet i probably would have done something similar to sskim as IDL has been in a trading range from 42c to 48c) - bought at 17c and I know i will trigger a big capital gain

    thoughts anyone?
 
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