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Claiming share losses

Dec 05, 2011

I am retired and lost $10,000 in trading last year. Can I claim this as a tax deduction?

Tags: SharesSMSF

I am thinking about setting up a Self Managed Super Fund. If I do, can I use my super monies to trade?

Tags: CGTPersonal taxShares

I am now retired and have started trading FX from my home in Brisbane (Australia), I also own a small parcel of blue chip shares - would I be classified as a trader or an investor?
I work full time and supplement my income trading stock CFDs. So far in this financial year to date I have made around $20,000 how do I deal with this on my tax return?
I am an Australian but trade US futures, do I need to pay tax in the States and Australia, or neither?
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comments-rhsLatest Comments

  • "Unfortunately Natalie you are doubling up the extra tax taken out each fortnight with the year end assessment notice. Only the amount shown in the assessment is actually offset against your HELP..."

    By: Mr Taxman at Apr 24, 2017 11:45AM

    Post: Two important dates for those with HECS/HELP debts

  • "If you are under the repayment threshold each year then no repayment. Note that in last year's Federal Budget that the governmet intends on asking for repayment of HECS/HELP debts for non-residents..."

    By: Mr Taxman at Apr 24, 2017 11:43AM

    Post: Two important dates for those with HECS/HELP debts

  • "I have a HECS debt from 1998 that I have never repaid as I moved to UK in 2000 and unexpectedly stayed! Will this debt ever need to be repaid if I continue living in UK? If I return to Oz to..."

    By: Steve at Apr 23, 2017 8:26AM

    Post: Two important dates for those with HECS/HELP debts

  • "Hi Mr Taxman, I have been looking into my HECS debt because I feel that I should have paid it off by now. In 2011 the debt was at $21 399. I started working full time in 2013 and have been paying..."

    By: Natalie at Apr 20, 2017 9:06AM

    Post: Two important dates for those with HECS/HELP debts

  • "I suggest that you find a way to get the figures as any share of negative gearing losses you could claim in future tax returns once you start earning an income again. "

    By: Mr Taxman at Apr 17, 2017 3:21AM

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