▲ 6 r/ASX
Investor vs trader - tax implications?
After last week’s budget, am I right in thinking that there’s no distinction between an investor and a trader as far as the ATO is concerned?
Previously you would be considered an investor if you held onto a share for longer than a year to get the 50% CGT benefit. Now, you can buy and sell and pay the minimum 30% tax regardless of how long you owned the shares. Is my understanding correct?
u/gerhardt69 — 5 days ago