Day traders' bring-on-the-weekend lounge September 10-12, page-59

  1. 3,439 Posts.
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    there is no 50% cgt tax

    there is a 50% discount on cgt for individuals if you hold a stock longer then 12 months.

    if you don't - you add it to your assessable income and get taxed at your Marginal rate.

    only benefit of being an Individual is the 50% cgt discount
    if you make dozens of trades must I recommend you tax plan and look at all the avenues

    setting up a company purely for trading will be more beneficial as a base rate entity pays 27.5% tax if you make over $1m it will go to 30%

    it really depends on your situation

    this is not financial advice
 
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