Capital gains tax discount is too generous -Poll, page-41

  1. 1,309 Posts.
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    Ethrazer, The issue is based around your designation, if you class yourself or your trading entity as an investor , then all profits or lossses are capital gains or capital losses, however if you (or your entity) is a trader then all profits (or losses ) are income + or - . I use a Pty Ltd entity to buy sell shares as a trading entity and pay the company tax rate on any profits or reduce the company profit withlosses, you can then distribute dividends to yourself and use dividen imputation credits to offset personal tax. Many people seem to hung up about hold 12 moths to get capital gains discount.
    Using a company structure as a trader is the same as running a business out of a company, individual shares are treated as stock in and out.
 
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