still being debated by the ATO I believe but currently if you use it as a seperate account to other investments you will be deemed to be trading (assumimg that you are actively trading) and pay your nominal tax rate as based on income not capital gains and thus in reverse you will claim losses against any other income.
cheers
debono
cfds vs shares, page-9
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$65.38 |
Change
1.080(1.68%) |
Mkt cap ! $12.65B | |||
| Open | High | Low | Value | Volume |
| $64.30 | $65.44 | $64.25 | $5.071M | 77.95K |
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| No. | Vol. | Price($) |
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| 2 | 43 | $65.35 |
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