deal for free *** taxation

  1. 4,756 Posts.
    I need some help ( tax wise ) with my trading with Deal For Free transactions. Has anybody any idea what the taxation implications are with this company. I've searched the ATO website but can't find any references at all. I've emailed DFFree but have not received a reply as yet.

    I believe that the tax office was treating trades with Deal For Free as gambling when they first started up, but i can't imagine the ATO passing up easy pickings like this now.

    DFFree make actual trades on the ASX to cover any trades made by its clients in Australia, so obviously they would have to meet those obligations with the ATO.

    Seems to me that the ATO would be getting double taxation on all trades if taxing mine and DFFree's dual trades.

    Anybody know the story.


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