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trading income

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2 Aug 2016 (AFR) – Tax battle over $200m bonus headed for High Court

[COMMENT: Here is a news story about how the proceeds of trading are taxed – as a capital gain, or as income.] (2 August 2016, AFR, p6, by Joanna Mather) ‘A long-running battle between former Glencore trader Vaughan Blank and the Australian Tax Office over $200 million in bonuses will reach its climax when the … Continue reading

15 Feb 2012 – Treatment of trading losses tightened up

(15 Feb 2012, AFR, p29, John Wasiliev) ‘Do it yourself super funds are steadily losing the investment flexibility they have previously enjoyed. In addition to much tougher rules on collectables, DIY funds are now restricted through the tax treatment of any trading activities they engage in, especially share trading but also trading in managed funds, … Continue reading