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Tax Robin
Tax Robin, Tax Advisor
Category: General
Satisfied Customers: 13116
Experience:  15 plus years International Tax Law, Instructor
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I had about $15,000 in losses trading Foregin Exchange over

Customer Question

Hi, I had about $15,000 in losses trading Foregin Exchange over the last financial year, am I am to able to include those losses on my tax return in Australia ?
Submitted: 3 months ago.
Category: Australian Tax
Expert:  Tax Robin replied 3 months ago.


If a forex gain or loss is brought to account under the forex measures and under another provision of the tax law, it is generally assessable or deductible only under the forex measures.