negative net asset position, page-57

hi selmax...... thats an interesting tax comment you made - as a sole trader myself, the advice i have is that any profit (capital gain) i make in any given year is added to my annual income and taxable, and any loss i have is deductible off any profit/gain - a capital gain/loss.

i've also asked the ATO about this, and they more or less agree with this position - income from an investment is taxable, and any loss claimable against any gain - so if i make 50 g's in a year from trading, but have (eg) 10 g loss from a previous year, i only have a capital gain of 40 g's.......

from what you are saying, you can trade 90 times (in a year) and make 50 g's profit, and not have to claim it......

cheers... head