Australia's largest stock trading and investment forum Australia's #1 stock forum

Tax Tools / EOFY Questions for 'Trading' (not 'Investing'), page-9

First 9 Last

Share
Profile

Follow
HelloU

1,699 Posts.

52

15/10/18

09:51

Post #: 36122307
Share

Originally posted by Zestfulmocha ↑

Originally posted by HelloU
what I mean is that your sample formula CANNOT be used in the spreadsheet of a TRADER. (as well as maybe not giving a correct NET taxable position for an investor - depending on what your other rows do).
Correct It's gross taxable income only, not net (As the 50% CGT reduces your gross income) - A clump for net P&L would be easy to pull together if the tax rate is known, but this isn't something I found myself needing as I don't worry about net positions intra-year

Expand

to be clear ...if doing tax as a trader then you cannot use 50%.

the 50% is ONLY for taxation as investors (and none of the start of year/end of year stuff is applicable).

Last edited by HelloU: 15/10/18
2 Upvote

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 4 more messages in this thread...

First 9 Last