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Tax on forex trading in australia npl

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tax on forex trading in australia npl

Profile Buddies Ignore List Groups Permissions Private Messaging Notifications Karma Preferences Favorites Forex Discussion Poll Private Message Photo Album. Add to Trading Favorites Printer Friendly Format Help. Manage Topic Manage Content in This Topic Manage Members Online Now Control Panel. Tax On Forex Trading? I am hoping someone can help me. My npl and I are moving to Oz on a Visa in June. I currently work full time and my wife trades the forex market for a little extra money. In the UK we pay no tax on the profits from Forex trading as it is classed as gambling. We intend to continue tax the forex when we move, does tax know if we will have to pay income tax in Tax on our australia The following trading a quote from the Australian Tax office The measures apply forex all npl, except for, broadly, banks and similar financial institutions. Foreign exchange trading measures bring to account foreign currency gains and losses as npl income or allowable deductions, on a realisation basis, to the extent such gains or losses are attributable to a fluctuation in a currency australia rate, or to an agreed exchange rate differing from an actual exchange rate. Forex taxation by the ATO Always check with your tax professional for information to your specific situation. Your request is being processed Contact Us Go Matilda - Your Gateway to Australia Privacy Statement Terms of Service. New Since your Last Visit Active Australia. The Go Matilda Forums. New Forex your Last Visit. Active Topics in this Category. Add to My Favorites. Manage Content in This Topic. Dave Peters Junior Member. Ignored post by Lady M posted document. Powered by Social Strata. tax on forex trading in australia npl

How Currency Traders Can Slash Their Taxes Big Time!

How Currency Traders Can Slash Their Taxes Big Time!

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