Is there a need to disclose that I trade forex online even though I am sitting on a loss? Is there a need to disclose for this assessment period that I had share investments and unit trusts, I disposed all shares and part of the unit trusts end of March i.e. outside the current assessment yr. after holding them for less than a year (wedding expenses over budget)?
If you disposed the assets after the end of the tax season for which you are filing then no you would not need to disclose this. You will however need to disclose the interest and dividends received from these investments which can be seen on the IT3b the investment house would have sent you.
You should disclose the loss because this can be carried forward to next year.
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