Thanks Vayama and other for the help
Yes I am a novice looking to learn and reduce tax within the rules
The info I have read from the Ato does not look overly complecated to comply with it seems to be all about trading in a business like way.I go about my trading in a methodical way and keep good records I seem to compley with most of the requirments, making a profit and capital involved seem to be secondary. I think the jump from novice to share trader is not that great and could be benificial to alot of novices.
The best advice is to see a Accountant and I will do so
(If you are not a expert talk to a expert)
Thanks all
ps anyone know a good accountant in Adelaide.
Paul
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