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03/02/17
19:51
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Originally posted by y0jimbo
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What hingdog said is exactly on point.
There's no reason why you can't have a trading account and a seperate account for investing, for example if I'm a daytrader I will have a trading account where all my buys and sells are on revenue account, this is how I make my living. Does this mean I am not allowed to have a seperate account with ETFs, bluechips etc that I am holding long term/for retirement? Of course not, no different to if I bought a rental property, being a trader in one area doesn't mean I can't be an investor somewhere else.
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Crikey, I think you have turned me. And Hingdog has done it right by separating the accounts. But I think those traders who have not kept the transactions separated will fail to claim the CGT discount. Thanks.