Announcements
Read our answers to common questions about JobKeeper, Early release of super and Cash flow boost.

ATO Community

Trading a joint account

Highlighted

Initiate

Views 259

Replies 1

In regards to trading securities, I understand the details of "Shareholding as investment" and "Share trading as business".

 

My question is, are there any complications to "share trading as business" when using a joint investment account?

 

Thanks.

1 ACCEPTED SOLUTION

Accepted Solutions
Highlighted

Best answer

Community Manager

Replies 0

Hi @joint-trader,

 

Thanks for your question.

 

Whilst there isn't anything that says this is not possible. It would be a  tedious task to keep the records, interest and fees segregated. You would have to be able to calculate the interest etc.. between the investment and the business.

 

Thanks

 

KylieS

1 REPLY 1
Highlighted

Best answer

Community Manager

Replies 0

Hi @joint-trader,

 

Thanks for your question.

 

Whilst there isn't anything that says this is not possible. It would be a  tedious task to keep the records, interest and fees segregated. You would have to be able to calculate the interest etc.. between the investment and the business.

 

Thanks

 

KylieS