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Can you be classified as a share trader and still get 50% cgt, page-9

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kickst@rter

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18/06/21

18:55

Post #: 53933538
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Originally posted by omegakyo: ↑

Hello, hoping someone can answer me this.

Over the last 8 months I have done close to roughly 100 trade thru ASX and received a moderate return around 20k, but i also have cryto back from 2017.

Lets say before the current financial year ended i have sold everything and receive 30k profit from short term trading and 50k profit from cypto. Do I still get the 50% CGT discount on the 50k from cpyto while, classified as a trader?

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Why would you get a discount on crypto? How is it a capital event? It's more like gambling to me.
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