Good benefit of trading CFDs is you get to deduct everything;...

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    Good benefit of trading CFDs is you get to deduct everything; mortgage interest, utilities, tech +maintenance + dep, costs etc as its goes on revenue account not capital. Just got to record that time down. Covers all the deductions for normal share trading.

    Its quite interesting aswell how costs work on CFDs, when I trade 200k on indices at 30:1 the trading cost is $60, but the trading cost comes out of the 200k and not the 10k capital. So brokerage is basically free.


    Last edited by StuANZ2019: 26/04/24
 
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