My accountant had to do a bit of homework to sort out my CFD...

My accountant had to do a bit of homework to sort out my CFD gains and losses for tax purposes. Based on the summaries from your CFD provider (some still don't give summaries) , gains and losses are more or less treated the same as for share trading. But as a share trader you have two options of how you want to be taxed. The first is if you declare that share trading is your business as is the case for me. The second way of being taxed is if you just invest in shares but not in a way that is your principal income....or something along those lines. There are some good books on Australian tax law which summarise this stuff...but me too...no expert
regards
Rosee