Are you 100% sure that this is the case? I have declared both income/losses derived from trading shares in addition to capital gains/losses generated from the sale of shares and have not been questioned by the ATO regarding this, nor has my accountant (who I consider quite conservative in his approach) ever raised any concerns in this regard.
From a logical perspective, it seems to me somewhat unfair if a person who derives income from trading shares is excluded from being able to hold shares as long term investments.
I do have a separate account for holding investments (including my RAC shares, where they will be staying until the end, whatever form that takes) to help delineate the activities.
Are you 100% sure that this is the case? I have declared both...
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Last
$1.48 |
Change
0.045(3.14%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.48 | $1.41 | $74.60K | 51.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6944 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 3096 | 2 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$1.47 |
Change
0.045 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| $1.41 | $1.48 | $1.41 | 21844 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| RAC (ASX) Chart |