Hi
I will be asking the ATO anyway, but given previous experience they probably wont know and will default to 'you must pay tax' answers.
I am an Australian Citizen and use CMCmarkets.com.au and IG.com for my online trading while living in Australia. I am about to move to Bali for at least 6 months and will continue trading while there before returning to Oz, assuming I do return.
Do I have to declare this online trading to ATO in Australia as taxable income while I am trading outside the country via a portal that may well be australian based. I asked CMC and they said they dont know and to ask my local tax office.
I wanted to be armed with some answers before I call them and have 'that phone call'
any thoughts or professional awareness on this grey area.
thanks
Mark
I will be asking the ATO anyway, but given previous experience they probably wont know and will default to 'you must pay tax' answers.
I am an Australian Citizen and use CMCmarkets.com.au and IG.com for my online trading while living in Australia. I am about to move to Bali for at least 6 months and will continue trading while there before returning to Oz, assuming I do return.
Do I have to declare this online trading to ATO in Australia as taxable income while I am trading outside the country via a portal that may well be australian based. I asked CMC and they said they dont know and to ask my local tax office.
I wanted to be armed with some answers before I call them and have 'that phone call'
any thoughts or professional awareness on this grey area.
thanks
Mark
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