TAB v ASX, page-7

  1. 415 Posts.
    Lucie

    Good to hear you are actually making money

    I am yet to meet anyone though who consistently makes money gambling and if they did they could be deemed to be a professional gambler and their gains taxable.

    On the taxation point if you are day trading you should look at treating yourself as a share trader and class your trading as being income - this in most cases will give a far better tax result than under CGT.
 
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