I am new to share investing .. and am sitting on a loss greater than my current income . My question is if say I am categorised as a share trader for this year's tax return and get to offset my losses which will be more than my income ( say by -250k). Will I only get the PAYG tax that I paid (e.g. 35k as part of my employment) or will I get -250k X 45% marginal tax rate back?
. My question is if say I am categorised as a share trader for this year's tax return and get to offset my losses which will be more than my income ( say by -250k). Will I only get the PAYG tax that I paid (e.g. 35k as part of my employment) or will I get -250k X 45% marginal tax rate back?
