are cfds considered for trader status?, page-2

  1. 216 Posts.
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    My Understanding is thet the ATO is only interested in the income/loss from trading NOT the instument you use So wether you trade Equities, Indexes, FX, Options or CFD's. The good folks at the ATO recognise your status as a trader based on
    - the volume of your trading,
    - the percentage that trading income contibutes to your total income.
    -length of time per trade (if you hold for months or years you are an investor)
    But should you have doubt ask your accountant or phone the ATO
 
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