For the first time this FY I have done some CFD trading and made a loss.
I am now about to do my tax in Etax and not sure about the following -
1. I am not a full time trader but had over 100+ trades over the last year between shares & CFD - should I consider myself a Share Trader or Shareholder?
2. Should my CFD loss be a) an allowable deduction or b) a loss from a business?
I have looked online and found a topic on here from 2008 but doesnt seem to be any clear rules. I also found this CFD Guide thing with but it only has basic info about tax -
appreciating any help
ps - apologies if this should be in derivatives - not sure if its a general tax question or a cfd question