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Shareholding as investor or share trading as business?

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bt1
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Hi

 

My question is specifically in relation to my tax status as either a share trader or investor. 

 

Could someone please advise if my share trading qualifies as either a share trader or investor?. 

 

In the last FY, I conducted 169 share transactions: 83 buying and 86 selling. The average buying transaction involved 23,000 shares and the average cost was $4,697. The average selling transaction involved 20,000 shares and the average selling price was $4,327. All the transactions were conducted through IG broker online trading. The average time that I held shares before selling them was a week. 

 

From March 2019 I switched my trading account to IG CFD trading account; Trade using leverage and went to short the stock.  I have also been using ProRealTime - Technical analysis & trading software for technical analysis.

 

At the end, this trading activity culminated to loss of around $7000.

 

Thanks and Regards,

Ben

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Best answer

Taxicorn

Replies 0

From your activity it would appear that you will be classified as a "Trader":

Have a read of this:

 

https://www.ato.gov.au/General/Capital-gains-tax/Shares,-units-and-similar-investments/Shareholding-...

1 REPLY 1

Best answer

Taxicorn

Replies 0

From your activity it would appear that you will be classified as a "Trader":

Have a read of this:

 

https://www.ato.gov.au/General/Capital-gains-tax/Shares,-units-and-similar-investments/Shareholding-...

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