Tax on shares explained (how traders & investors can save on tax)
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- Опубликовано: 7 фев 2025
- Tax on shares explained. In this share investing video, Rask Founder Owen Rask explains everything you need to know about tax on share investing.
Just remember share investing is simple and once you've followed some basic rules, taxes on share investing is really simple too.
In this video, Owen covers:
0:15 - How income tax works
0:18 - Taxes on dividends
0:45 - Using your tax file number with the share registry
1:10 - What is Computershare, Link Market Services & Boardroom?
1:22 - How to use your HIN (Holder Identification Number)
2:20 - ATO pre-fill on your share investments
2:50 - Taxes on ETFs
3:37 - Capital Gains Tax (CGT) on shares
4:10 - Ways to save on taxes: CGT discount, franking credits, insurance bonds and more.
More share investing guides: www.raskmedia....
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Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@@AlilatTiamiyu Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*
@@FlorentGulliver Oh please I’d love that. Thanks!
*MARGARET MOLLI ALVEY*
Lookup with her name on the webpage.
Thanks that was helpful. It raises a question though. If I’ve been DCAing for a while. If I start selling down my holding, how do I determine the gain/loss since each parcel of shares I bought has a different time and cost base. Do you have a vid that points to this consideration? Thx.
Hey Rob! Basically, my understanding is you have to follow a formula that’s consistent.
For example, you might calculate CGT using a tool like Sharesight to follow a formula like first in, first out. The idea being that the first capital gain is traced back to the first investment - so long term investors can hopefully make use of the CGT discount.
See this:
help.sharesight.com/au/capital_gains/
What about setting up a trust or a business structure to
1 - Isolate your business from your personal assets (Home, car etc)
and
2 - Only pay the business tax rate?
What are the tax's for trading US treasury Futures contracts? Same as individual tax brackets? Thanks.
Great video. I have some US shares that I bought whilst living in the US. How will dividends from these shares be taxed when I move them back over to my Australian broker and when I move back to Australia? Are there any franking credits?
so, How much are the taxes to pay for the profits in forex ?
Great Video, quick question. Can I claim at tax time my monthly management fee ($2.50 Spaceship) and/or brokerage fees each year within the year you have paid them?
Would the passive income be taxed less if you hold the stock or ETF for over a year?
Sir I'm international student can I do stock trading? And how can i pay taxes
I am wondering about the scenario where I hold a share for more than 12 months and then give it to my spouse, who sells it just one month after I get it. Should my spouse consider the day I bought the share or the day my spouse received it when calculating the holding period?
so, How much are the taxes to pay for the profits in forex ?