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@KoiPanda your CFD/forex is not CGT capital gains/losses your...

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ddzx

37,911 Posts.

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24/12/17

22:44

Post #: 29864228
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Originally posted by KoiPanda ↑

Hello, it's that time of the year and this is my first time doing such a thing so excuse my ignorance.

First off, I assume that I am meant to calculate my capital gain/loss from 1st July 2016 - 30th June 2017.
Can this include a mixture of both share investing (ie. Buying shares through Westpac) and CFD/forex trading? Both are of seperate platforms.

Secondly, Where would I lodge my capital losses/gains? I checked ATO website but am unable to find out.

And lastly, if I work casually, how can I use a capital loss to offset tax or get more for tax return?

Thanks for the help.

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@KoiPanda

your CFD/forex is not CGT capital gains/losses

your CFD/forex is ordinary income

see link: http://law.ato.gov.au/atolaw/view.htm?docid=TXR/TR200515/NAT/ATO/00001

Taxation Ruling TR 2005/15 Income tax: tax consequences of financial contracts for differences

regards

Last edited by ddzx: 24/12/17
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