My accountant has just mentioned that as I have a large amount of unrealised gains at the end of the last financial year he needs to account for that.
So I have presumed he has therefore classifed me as a Trader. One of the entities I buy/sell shares in is a Pty Ltd, registered for GST and the share thing is just something I do rather than let unused money sit in the bank. It is by no means 'core business activity' and in the last financial year made 47 trades, less than one a week.
So, should I dispute this classification? Are there any benefits in being classified as such or being a Pty Ltd is there no choice?