Australia's largest stock trading and investment forum Australia's #1 stock forum

STTrading weekend thread 27th and 28th of April 2024, page-22

First 22 Last

Share
Profile

Follow
Round2

530 Posts.

37

27/04/24

12:36

Post #: 73536421
Share

Originally posted by minoil: ↑

What I refer to is....
Your home is free from capital gains( in most cases), however, if you start claiming mortgage costs etc for using a room as an office, the tax depth will " quarantine" your "office" from the rest of your home, in effect treating it as an "investment property", much in the same way as using airbnb for spare rooms or a granny flat.

As far as deductions go for trading, I have very little to work with ( mainly due to having low costs).... internet use, asic search fees, depreciation of phone/ laptop being the main ones, with hotel costs if if travel to agm's etc.
A bonus(?) of online trading is everything is online, so, record keeping is minimal, it's all available quickly, but, and no doubt the tax depth knows all to well, cooking the books is difficult and risky given your online breadcrumb trail.

Expand

What he said... I type too slow....
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 9 more messages in this thread...

First 22 Last

SPONSORED BY