Australian (ASX) Stock Market Forum

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

Joined
Oct 1, 2014
Posts
26
Reactions
0
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.
 

wayneL

Rotaredom
Joined
Jul 9, 2004
Posts
18,744
Reactions
2,557
It depends if you are classed as a trader for tax purposes.

If so, income loss. If not probably capital loss.
 
Joined
Oct 1, 2014
Posts
26
Reactions
0
Ok, so if classified as a trader it's an income loss. If not then it's a capital loss.
 
Top