tax

A simple guide to tax and shares

As we have just passed the end of financial year below, it is important to know what is taxable when investing in shares and what can be deducted. Please be advised that you should treat this information as a general guide only and we recommend that you speak to a tax specialist. Dividends Dividends are considered income so they are taxed as such under the Australian tax system. However, as companies who issue these dividends may have already paid tax, …

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What taxes do you pay when owning shares?

The end of financial year is closely approaching and shareholders may be thinking of how to treat their shares in their tax returns. These are the common questions that some shareholders may have. (Remember, this is just a helpful guide to point you in the right direction, and we recommend that you seek advice from your accountant) 1. When do you pay tax on shares? If you have sold shares and made a capital gain, then you will be liable …

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5 things you may not know about tax on shares

As tax time is quickly approaching, below are some tax topics that may not be obvious to share investors/trader. Do I pay tax if I inherited shares? You only need to pay capital gains tax on shares if the inherited shares have been sold. If the deceased brought the shares before 20 September 1985 then the cost base is the market value of the asset on the day the person died. If the deceased brought the shares after 20 September …

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