Hi All, i'm just curious about tax upon CFD market maker trading.
Currently i'm using CMCmarkets.
As implied CFD means contract for difference, so we don't own the real shares. Playing CFD is basically similar as betting your money in casino right?
You take what you gain and can't claim anything you loss, ie no CGT or CL?
I read once that if you only play CFD once/twice a year (ie only for fun or gamble) then you don't need to report it.
But if you play on regular basis then you ought to report it.