Ato share trading losses
If you're trading CFD’s they will always be on revenue account. This means you include any profits in your assessable income, and any loss can be included as a deduction. Your profit or loss is made when your trade is ‘closed out’, rather than when the proceeds are transferred out of your trading account. The normal loss deduction rules are modified for widely held or eligible Division 166 companies so the rules are easier to apply. How to claim a tax loss on your company tax return is explained in Question 13 of the Company tax return instructions. See also: The general company loss recoupment rules in Division 165. Losses are sometimes unavoidable, particularly during volatile markets. Provided the non-commercial losses rules are satisfied, the Australian Taxation Office (ATO) allows traders to claim an immediate deduction for their trading losses and offset them against other taxable income, such as salary and wages, interest and dividends.