Glenbhoy said:AFAIK this is a normal taxable gain, with CGT payable when the profit is realised.
27Mar-0412The company will serve as the primary group entity that enters into third party foreign exchange and other derivative transactions for the groupCase 1 confirmedCase 1 confirmed on the basis of the level of activities involved and that the employees and company management involved possess the appropriate level of skills, expertise and authority necessary.
markowitzman said:I would say they will charge income tax as you are trading.
Mavbe if you were purchasing options to cover existing long term share holds you would be ok for cgt but for naked options would have my doubts.
markowitzman said:demoivre you could well be correct. I think LEAPS might be the only options investment that might escape the trading rule re tax. Not sure though. Their long expiration might be of help?
I'd presume that www.deltaindex.com know what they are talking about as they really sell the tax free angle.
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