Michael Bearman and Piotr Klank have published an article in the Tax Institute Journal, on share trading, titled Fifty shades of Greig: the spectrum of taxpayers in share trading.
Greig v FCT is the latest in a long line of cases considering the taxation of share trading by reference to a wide survey and exact scrutiny of the facts and circumstances relevant to each decision. The authors consider the consequential development of the law by reference to the characteristics of the spectrum of some of the participants in share trading, which they have termed “gamblers”, “long-term investors”, “speculators” and “share traders”.
Download the full article here - https://www.greenslist.com.au/assets/papers/Bearman_Klank_50_Shades_of_Greig.pdf
