Australian (ASX) Stock Market Forum

tax question

  1. S

    Using line of credit to invest in shares: tax question

    I'm looking at using leveraging for investment. I've decided that I will take out a line of credit as a separate loan against my home, the idea is to put the money into my current portfolio of ETFS and LICS. Currently my dividends are completely reinvested through DRIP. Option one: Keep...
  2. john5

    Tax question re: foreign income

    hi all, just a question on a specific type of foreign income, i own a few domain names, and have them "parked" on a us-based parking platform, the platform collects parking revenue for me, in usd, and generates reports which enable me to see what im earning, even daily ... sometimes it's only...
  3. B

    Tax Question: Stock options expire worthless, capital loss or income loss?

    Are options that expire worthless a capital loss or income loss? Say you buy some stock options & they expire worthless the same financial year that it was bought, will this be a capital loss or income loss? Eg. I buy GLNO & they expire worthless a few months later.
  4. B

    Tax Question: Trading the US market

    If you are trading the US market, how do you calculate the buy & sell price converted to AUD for tax? Do you just use an exchange rate from for the buy/sell date? If so, take this scenario: Day 1 - buy stock ABC @ $20 with $1 AUD = $0.50 USD Day 2 - sell stock ABC @ $20 with $1 AUD =...
  5. F

    Tax Question: CGT discount and CFDs/Stocks

    Curious on the tax implications of the following - If I have traded a few shares in the past year (to reduce my losses on most of them)... as well as held a few other shares, do I still get the CGT discount on the shares I have held for >1year? Further to this, I have also been trading...
  6. M

    Tax, dividends and investing

    hi, im fairly new to this. i currently have 1k transfering to my commsec account. ive been interested in the share market for quite some time, for the last 6-8 months ive been doing on and off research on the companies im planning to invest in. i turned 18 last week, so now im able to investing...