@gms08 I would ignore the above advice. You cannot pick & choose...

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    @gms08

    I would ignore the above advice. You cannot pick & choose between long term & short term holdings. Based on the legal precedents, your entire activity will be examined & judged. If short term transactions predominate (on one broker account/HIN), all of your activity will be judged as a business. If long term activity predominates (on a HIN), you will be judged as an investor.

    If you wish to both trade & invest, I would recommend to open a 2nd broker account and have two accounts/two HINs. Use one account (example with E-Trade) for trading & use the other account (example with Commsec) for investing.

    This, if necessary, will show the ATO you have two activities. Having two accounts is the safe way.
    Last edited by ddzx: 24/12/17
 
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