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No Prefill available for ATO?


Patins

Question

Hi, I am launching my tax return that is due end of October here in Australia, and I realize that my profits from stock trading are not pre-filled automatically in the tax return as I know it with other share trading platforms. Does IG not report to the ATO automatically when I sell stocks? I thought they would have to do so, why cant i see anything?

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On 30/10/2021 at 00:53, Patins said:

Hi, I am launching my tax return that is due end of October here in Australia, and I realize that my profits from stock trading are not pre-filled automatically in the tax return as I know it with other share trading platforms. Does IG not report to the ATO automatically when I sell stocks? I thought they would have to do so, why cant i see anything?

Hi @Patins,

Unfortunately IG does not communicate with the ATO like a Superannuation fund would for example. A TFN is required as for AUS account as only Australian sole tax resident can open an account. 

All the best - Arvin

 

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