I set up an account trading currency under my family trust. Does anyone know how to calculate GST on currency trading? My accountant doesn't know that and said he would check for me but never comes back with any information.
say during the period ;
Total share purchases inc brokerage $1m
Brokerage inc GST 1500
GST on brokerage 136
Total share sales inc brokerage $2m
brokerage inc GST 3000
GST on brokerage 273
what should I put on the BAS:
G1, G3, G10, G11, 1A(GST on sales), 1B(GST on...