capital gains, page-12

"How Capital Gains fits into a trader scenario I do not know."

For a trader, there is no CGT and the 50% CGT concession does not apply. All profits or losses made by a trader are normal assessable income or deductible losses.

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That's the reason I decided against being a "Trader", no CGT relief if you hold a share over 12 months and then it returns big.

My understanding is that the main reason you would want to be a Trader is so you can deduct an overall loss against other income( say, your day job, or profit on a property) instead of it carrying on until you have a capital gain( from your capital investing)if you're not a trader) to offset it against.

Megimite

You should be glad that you made a profit and just pay the tax. From my experience accountants are not whiz gurus. You claim interst on loans, some office costs, brokerage, maybe depreciate a lap top. Honestly, what big saving can you scam? Unless, or course, we are talking about setting up companies or trust funds etc....or registering in the Virgin Islands...lol