Hi all, I'd appreciate any input from someone who knows about my situation...thanks:
The last time I sold any stock was around December 2007. Prior to this I had been trading on almost a daily basis.
I now have a portolio which I would like to hold for a couple of more years as an investment. I will not be selling any of this stock for a while, and when I do sell, I wish to pay CGT and not income tax.
So my question is - When will the ATO begin to view me as an investor as opposed to a trader?
Is one judged on activity in that particular year to decide if that person is a trader or investor - eg. I could be a trader in 07-08, then investor in 08-09 and then back to trader in 09-10.