New to Aussie stock forums, glad to be here and hoping to learn a lot from what seems to be a very passionate financial community.
I was hoping someone amongst this community has had experience with binary options and could explain the tax treatment of profits made from binary options trading??
I have scoured the internet and ATO website and the only information I could find is the tax treatment for standard options and the definitions on when share trading becomes a business, but the information was directed at equities specifically.
I am just looking into binary options at the moment and have not engaged any brokers or the like. Just trying to research the hell out of it before having a go. Any help with this topic would be greatly appreciated.