华人澳洲中文论坛

热图推荐

    ATO warns re sharetraders

    [复制链接]

    2021-5-11 21:18:18 419 3

    The ATO has issued warning towards people reclassifying their capital losses on shares disposal to revenue losses in order to offset their assessable income.
    We should all take extra cares in determining the nature of the share activities we undertake when preparing 2008 & 2009 year tax returns. as the audit activity in this area will increase, the ATO has already anticipiated that alot of tax payers will be tempted to classify their loss as revenue losses, as the slow economy has wiped billions off the value of the australian securities over the last 18 months.
    People who are treating themselves as investors in the past year and reclassified themselves as share traders without any real changes in the way they buy & sell shares are at high risk of being audited. any promoters of such scheme are at risk too.

    全部回复3

    肖飞 发表于 2021-5-11 21:09:43

    肖飞 沙发

    2021-5-11 21:09:43

    investment loss can only be used to offset capital gain!!!
    安排批了 发表于 2021-5-11 21:14:23

    安排批了 板凳

    2021-5-11 21:14:23

    except u run a business of trading shares...
    The benchmark will be 20+transactions per year....
    sujdfff 发表于 2021-5-11 21:18:18

    sujdfff 地板

    2021-5-11 21:18:18

    i think it is about capital loss rather than investment loss?

    for investment, it means if you held your shares   
        * as trading stock
        * as part of carrying on a business, or
        * to make a ‘one-off’ or short-term co妹妹ercial gain.

    the following should apply:
      *  you can claim allowable deductions for your investment expenses
      *  your total net investment loss will not include your capital gains or losses.

    but, form 2009,your total net investment loss will be used to work out whether you meet the income tests for the following tax and transfer programs:

        * Medicare levy surcharge
        * Higher Education Loan Progra妹妹e and Student Financial Supplement Scheme debts
        * Dependency tax offsets
        * Senior Australians tax offset.

    发表回复

    您需要登录后才可以回帖 登录 | 立即注册

    返回列表 本版积分规则

    :
    论坛元老
    :
    论坛短信
    :
    未填写
    :
    未填写
    :
    未填写

    主题459

    帖子7046

    积分15855

    图文推荐