The way I have been told after seeing a tax accountant and lots of research:
If you're listed as a share trader - you probably should have an ABN. If you are a investor you don't need one. It's CGT.
From what you describe you are a share trader so its treated like a buisness.
As a share trader the money you make from trading is counted as an income.
If you have a job other than share trading, your tax accountant should place your gains/losses ontop of the income you have received from other work.
For example:
- You earnt 60k from your day job.
- You made 30k from shares
- Your total income for the year is 90k.
- You pay tax according to that 90k Gross income.
