The way I have been told after seeing a tax accountant and lots...

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    The way I have been told after seeing a tax accountant and lots of research:

    If you're listed as a share trader - you probably should have an ABN. If you are a investor you don't need one. It's CGT.

    From what you describe you are a share trader so its treated like a buisness.

    As a share trader the money you make from trading is counted as an income.

    If you have a job other than share trading, your tax accountant should place your gains/losses ontop of the income you have received from other work.

    For example:

    - You earnt 60k from your day job.
    - You made 30k from shares
    - Your total income for the year is 90k.
    - You pay tax according to that 90k Gross income.

    Steve.

    (I'm not a tax agent this is just what I do)
    Last edited by Steven07: 22/05/18
 
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