Tax Implications - Trader Vs Investor, page-13

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    I’m looking into setting up a 2nd HIN with my broker (cmc) so that I can demonstrate separation between trading shares and investements, so that I don’t lose CGT discount on my my main (large profit) holding and can switch the regularly traded funds/stocks to the 2nd HIN.

    I’m looking at setting up as a trader so that I can claim expenses such as computer/internet/electricity/rent etc as part of my home office costs. Most of the ATO literature discusses deductibles re dividends.

    Do you need to be classed a trader to deduct/claim these kinds of costs from income?

    Does it become too messy deducting costs from earnings from 1 income stream?

    I’m a relative beginner so the simpler the better realistically.

    Any pointers on things to think about or resources to access would be great.

    Thanks HC gang
 
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