Hi all,
I was told by someone that any profit made through CFD trading will not be taxed as long as they are not withdrawn from the trading account to a personal bank account. If this is the case, i can just withdraw what is needed in small amount and only get tax by the withdrawn amount, is this true?
Or do you have to report all CFD profits to ATO.
If that is the case, does IG statement for tax refund purposes show withdrawn amount and capital gain/profit made for the year?
Thanks!