Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
DealMaker(Newbie)Newbie
4 Sept 2023

Hi community, currently doing share trading (not investing) as a sole trader, and planning to transition to a company structure. With current portfolio being $100k (market value), and a mix of shares that are held both more than 1 year and less than 1 year. In order to minimise tax impact and related transaction cost while complying with ATO rules, can I : 1. Sell off my entire portfolio (account under my own name) and buy back (using account set up under the business name)on the market within same week? OR 2. I need to do a straight amount to account off market share transfer?


And what are the tax implications on the sole trader part (e.g. realised FYTD gains)?


Thanks zillions!🙏

391 views
2 replies
391 views
2 replies

Most helpful response

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
5 Sept 2023

1. Sell off my entire portfolio (account under my own name) and buy back (using account set up under the business name)on the market within same week? OR 2. I need to do a straight amount to account off market share transfer?


Ask your broker which is cheaper.


Tax would be the same because off-market transfer deemed to be at market value.


All replies

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
5 Sept 2023

1. Sell off my entire portfolio (account under my own name) and buy back (using account set up under the business name)on the market within same week? OR 2. I need to do a straight amount to account off market share transfer?


Ask your broker which is cheaper.


Tax would be the same because off-market transfer deemed to be at market value.


AriATO(Community Support)Community Support
6 Sept 2023

The way you go about this isn't something we can advise you about I'm afraid. As Bruce4tax mentioned you can check with your broker or get advice from your tax professional.

  • Avatar of platypus
Liked by Bruce4Tax

Featured articles

Renting out all or part of your home? What to include in your tax return

15 Apr 2026 · 4 min read time

How to work out your tax residency

15 Apr 2026 · 8 min read time

Top liked users

  1. Taxduck

    (Taxicorn)

    1280 likes

  2. Bruce4Tax

    (Taxicorn)

    1117 likes

  3. YellowPotato

    (Taxicorn)

    340 likes

  4. Ken_Oath

    (Master)

    199 likes

  5. knaresbro

    (Devotee)

    141 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    3397contributions

  2. Taxduck

    (Taxicorn)

    2824contributions

  3. YellowPotato

    (Taxicorn)

    897contributions

  4. knaresbro

    (Devotee)

    295contributions

  5. TobyJDodd

    (Devotee)

    176contributions

Loading
Tax treatment on sole trader when doing small business restructure roll-over | ATO Community