1st year trading – tax return

Gday . I’ve almost done my 1st year of trading & done ok, I am unemployed-mid 50,s ,I understand I can earn up to 18k through share profit & not be taxed. After that do the ato slug me on short term capital gains . Thanks

Obviously clarify everything with an accountant.

But, all capital gains will be added to your tax return along with any other tax able income you get like dividends etc, and you will pay tax on them at your marginal rate,

if you hold the shares for more than 12 months, only 50% of the capital gain is added to your tax return, (this is called the capital gains tax discount)

it doesn’t matter where the taxable income came from eg capital gains, dividends, Uber driving etc etc it all gets added to your tax return, your expenses get deducted, and you pay tax on the net amount.

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