Hello,
I have recently started investing using Etoro platform, I use the copy trader feature of the platform where I invest money in a portfolio managed by someone else. I don't actively trade and all trades are executed and traded by the the portfolio manager.
For example,
I invested AUD $1000 with XYZ on 01 January 2020, and the portfolio manager bought 2 different company shares on the same day (i.e. $500 company A & $500 company B). On 31 March 2020, he sells shares from company A for a profit of AUD $50, while holding shares from company B and reinvests the money to buy shares of company C ($550 worth).
On 30 June 2020, will I be liable to pay CGT on $50? as this share was bought and sold within 12 months timeframe, or as this money wasn't withdrawn from the portfolio and reinvested to buy other company's share no liability to pay CGT.
Also,on 01 January 2021, If I add more money (example $1000) to the same trader's portfolio and invest it in the same proportion to company B & C and sell all shares on 31 March 2021. Will be CGT on whole amount or pro rata based?
Thank you
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