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PE> 4. Can I choose whether I want to be considered a "share trader" PE> myself, and on a per-share basis? E.g. if I have both mining PE> stocks for heavy trading, and blue-chips for long term investment, PE> can I write losses on the former against my income, whilst get PE> the blue-chips treated as normal capital gain? I believe you can choose to designate yourself as a share trader, just by notifying the ATO. I heard years ago that if you wish to have some "investment" stocks that you should buy and sell through a separate investment account, and notify the ATO that specific stocks have been bought for investment, not trading purposes (although notifying them of the account may be enough). I am not an accountant and this information should be verified by someone qualified, or the ATO itself. LM. --- Maximus/2 3.00* Origin: Soft-Tech, Qld, Australia +61-7-3869-2666 (3:640/201) SEEN-BY: 50/99 620/243 623/630 624/300 640/101 201 206 208 215 217 238 281 SEEN-BY: 640/299 301 302 305 309 370 390 452 523 820 821 822 823 838 839 890 SEEN-BY: 640/937 690/660 711/401 406 409 413 430 807 808 809 899 934 712/515 SEEN-BY: 713/888 714/906 800/1 7877/2809 @PATH: 640/201 820 711/409 808 809 934 |
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