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Thanks for that link John, after reading that, the main thing I got out of that,(apart from "keep proper records") is that it appears the Govt dangles the carrot(CGT on half of gain) and the ATO does anything it can to stop us reaching it (FIFO).
The more you read, the more complicated it is. I think I'll just leave the complicated stuff to my accountant and try to maintain just a general personal understanding. Probably just enough to get me into trouble.
Correct me if I'm wrong, but if I declare myself as a share trader, I lose the advantage of only paying half the gain on shares held longer than 12 months. As a trader these would be taxed at my marginal tax rate ie counted as income.
This is my last question on the subject, Ive taken up enough of your time already.
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