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International Investing / Australia (All-Ordinaries)

URL:  https://boards.fool.com/i-concur-with-kolosom1-on-datel-or-etrade-on-11483952.aspx

Subject:  Re: Help a simple Aussie Date:  11/7/1999  6:12 PM
Author:  demiller1 Number:  899 of 6186

I concur with 'kolosom1' on Datel or Etrade.

On the tax issues side, please ensure that you keep all data in regard to the trades that you do.

Remember the principles that capital losses only offset capital gains, the reduction in the rate of tax applied to CGT is a gd move forward as it has dropped by 50% from Oct 1, this year, it bodes well for the future (*).

As the ATO only taxes on realisation of assets then this is the area that you should concentrate on. If it is long term buy and hold then put the pprs in a safe place and await realisation.


(*) mind you I would have loved indexation to stay!
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