Hi Mosey,
If you're identified as a share trader as a sole trader, you'll still pay tax on the profit at individual income tax rates. Whats different is how that gain/income/profit is calculated. A share trader wont be allowed to discount capital gains, as any share sale is deemed as business income and not a capital gain.
Effectively your paying tax on 100% of any gain made on any sales offset by any losses in the same period.
https://www.ato.gov.au/business/inv...ence_between_a_share_trader_and_a_shareholder
High Volumes...... Heading North., page-159
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.127M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 13.0¢ | $24.15K | 185.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89340 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 68300 | 4 |
View Market Depth
| Last trade - 11.06am 26/08/2024 (20 minute delay) ? |
| ADV (ASX) Chart |