Hi I am currently trying to do my tax return. I trade CFD's and have a question i will be taxed on the profits made, and i will get a deduction on the interest paid. However, how would i go about deducting the fees paid for each CFD trade? This should be a section 11(a) deduction just dont know how to go about deducting this on my e filling. Assistance will be appreciated.
TAX advice by anonymous on 07 Oct 08:32 Hi i am looking for advice with regards to my tax return. I trade CFD's and not to sure how to go about deducting the interest charges and transaction costs on the e-filling ? as per my IT3(b). 07 Oct 08:32 [Reply] [Zoom Out] Re:TAX advice by Rams on 07 Oct 11:38 its already done for in your online tax report...your final profit and loss is net of interest and all charges