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eckie(Initiate)Initiate
27 Nov 2022

I have a trading account with Interactive Brokers Australia. I fund the account with AUD transferred into IB's Australian bank account (BSB/Account). The funds are then used to invest in foreign shares (NYSE, LSE) and commodities on CME.


I have always reported these as foreign income (ie. dividends, interests, capital gain/loss) in my tax returns but I wonder now if i had done it correctly.

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1,982 views
1 replies

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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
27 Nov 2022

If shares are foreign, then dividends are shown as foreign income - whether broker in in AUS or not.


Capital gains from foreign shares are added to AUS capital gains.


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Are stocks and commodity investment with Interactive Brokers Australia considered foreign income? | ATO Community