I bought and sold shares during the FY, at least 10+ for each (20+ for the year). These shares were bought and sold with the intention of making profit within the short period of time I held them (roughly less then 3 weeks). I spent time researching these and conducted my business within my Home Office.
I also bought shares as an investment. Long term holding with goal of growing my portfolio over a long term period - most of these have not been sold and the ones that were sold I bought more than a year ago. I had no intention of making a profit of these in the short term.
For tax purposes can I declare the shares used for trading (short term) as a business (sole trader) and the shares used for investment (long term) as Capital Gains?
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