I understand that when it comes to filling out the tax return and shares you have to distinguish whether you are a share trader or investor.
As an investor, CGT comes into play a lot more.
I am a bit perplexed as to how account for the writing of options, especially naked options. How is the premium received treated in taxation terms?
Would you automatically be considered a share trader and not an investor because you are writing options?
I have received several different responses from the ATO and am on the verge of asking for a private ruling.
As an investor, CGT comes into play a lot more.
I am a bit perplexed as to how account for the writing of options, especially naked options. How is the premium received treated in taxation terms?
Would you automatically be considered a share trader and not an investor because you are writing options?
I have received several different responses from the ATO and am on the verge of asking for a private ruling.