Australian (ASX) Stock Market Forum

Investor or trader: overseas shares for tax purposes?

Joined
28 January 2012
Posts
7
Reaction score
0
Before asking my account, just like to find out from people trading in overseas shares in offshore brokers such as IB. When it comes to tax time does the ATO's take into account these overseas activity when determining if you are an investor or trader?

I have contacted the ato about this question, however the person who I spoke to wasn't sure either and will reply back to confirm an definitive answer.
 

So_Cynical

The Contrarian Averager
Joined
31 August 2007
Posts
7,239
Reaction score
983
Re: investor or trader overseas shares for tax purposes

I very much doubt that you can be considered a trader with your foreign income and an investor with your Australian income...would of thought its one or the other, besides the tax system in Australia is based on self assessment so what ever you think you are that's what you are, until the ATO tells you different.

:2twocents
 
Top