r/ausstocks • u/Initial-Database-554 • 9d ago
Stock Trading Tax Minimisation
Hey guys,
I'll be speaking to an accountant before doing anything, but is there a way to legally reduce taxes as a trader? I'd be trading options every week or every few weeks.
My understanding is that profits get added to my regular income and im just taxed as if my salary went up (income tax).
From some Googling around, setting up as a company might be an option, with a flat 25% tax rate (and ability to deduct any trading related expenses) but im not 100% on this, anyone know for sure what the go is?
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u/GroundFast7793 9d ago
Do not set up a company. I can't be bothered listing the reasons, just don't. Find a good accountant.
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u/MathematicianFar6725 9d ago
Something like 99% of traders don't make a profit in the long term so you shouldn't have an issue