Say for example I made $60,000 profit this financial year and am classified as a share 'trader' (only source of income).
i) Do I pay 50% of this amount ($30,000 tax) OR
ii) Is the $60,000 classed as income tax? (Therefore the tax payable is much lower)
Obviously I will be seeing my accountant soon but would be nice to get everything ready in advance.
Cheers
