Hipopp the ATO accesses someone if they are to be classified as a trader or investor from their trading activities. You cannot deem yourself to be one or the other. Your trading/investing style does.
Capital gains tax only needs to be paid on a realized profit. Realized meaning the position or part of has been closed.
You won't be able to avoid tax other then closing a position at a loss regardless of how long you hold the stock.
Distinguishing between being a investor and trader can be a grey area. If your someone who typically holds stock for long periods of time(12 mths or more) then your a investor. If your someone who holds stock short periods of time, has a high turnover and basically carry's your activities on like a business then your a trader.
As an investor the biggest advantage is getting the 50% CGT discount if your holding was closed after 12mths. For example if you made $10000 on BHP and held the stock for 13mths, only 50% of the profit($5000) is taxed at your marginal rate.
If you sell your holding before 12 mths, regardless if your a investor or trader your whole $10000 profit will be taxed at your marginal rate.
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Hipopp the ATO accesses someone if they are to be classified as...
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Last
$63.10 |
Change
0.180(0.29%) |
Mkt cap ! $12.23B |
Open | High | Low | Value | Volume |
$62.97 | $63.63 | $62.61 | $17.85M | 282.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 923 | $63.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$63.11 | 576 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6 | 62.700 |
1 | 66 | 62.100 |
2 | 13 | 62.000 |
1 | 160 | 61.900 |
1 | 8 | 61.850 |
Price($) | Vol. | No. |
---|---|---|
63.550 | 50 | 1 |
63.680 | 1 | 1 |
63.700 | 65 | 2 |
63.880 | 507 | 1 |
63.900 | 157 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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