You are better to have the right information from an accountant than posters on a share forum. Whilst they might be giving you advise in most cases it is not always the right/correct advise.
Prime example is the 12month hold rule (for investors) which reduces your taxable profits by 50% on that specific gain, this is not entirely correct and is only correct if that is the one and only trade you do in a financial year, or if you have only ever made gains in the year. If at any time you make a capital loss but overall still make a gain for the year you will not be guaranteed the full 50% discount.
As originally stated, it is best to get true advise from the professionals.
As this is thread is not BIT related I will move this thread to the ASX General forum under Taxation topic.
BIT Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held
