"Reading your post suggested you apply short term losses (those incurred in less than a year), against capital gains. This is clearly a no no as revenue losses cannot be offset against capital gains."
There can be a situation where one account is a trading account and another an investment account. Trading has different rules to investing. The investment account can be in another name or names and it is best that an investment account is long term.Funds can be drawn from the trading account, transferred to another account and used for a long term investment. This is easier to operate when there is more than one person involved. Easier to work if a tax ruling on the set up is obtained early in the event. (Partner arrangements can be risky but if one has been married for 53 years the risk is minimal.)
Besides the challenge keeps the mind active.
ADI Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
