21 March 202002:24 AM - edited 21 March 202002:26 AM
I do short-term market speculations and they are considered trading as business and taxed as income. Is it possible to specifically mark some rare long-term investments as being a separate investments? So it will be considered as investment and taxed as CGT.
It seems like it's possible but the borderline is vague and there's no strict rule how to distinguiesh those two different classes.
So maybe it would be possible to somehow state it explicitly beforehead? Like let's say - maybe something like - I write to ATO a letter saying that this year I'm going to do two transactions - and buy let's say Boeing and Microsoft as investment. And if it would be approved by ATO. Then I will proceed and buy it and won't be worrying how it could be classified in the future - as "investment" or as "trading as business". Or something like that?