ok cool, seems as though i got two options,
pretend i am gambling and if the ATO ever asks any questions deal with it then, worst case plead stupidity. (they would have a tough time proving i am not just gambling, especially the way i trade)
Or
Claim i participated in a profit making activity, being able to claim the losses for last year, however i will then also have to claim any profits i make this year, which i already have.
Will have to give it some thoughts, I am looking at moving away from my CFD provider and just moving to normal shares.
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- tax on cfd's
ok cool, seems as though i got two options, pretend i am...
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