I have learned more from this video than from my accountant. Thanks
@DavieMach Жыл бұрын
Happy to help! Thanks for watching!
@Vreem335 ай бұрын
Very informative thank you very much
@anad64482 жыл бұрын
Your videos are always great and so helpful :)
@DavieMach2 жыл бұрын
Glad you like them!
@greymoon22 жыл бұрын
Thanks Dave for a clear and concise video 👍. Could you please do a video specifically on how to claim capital loss when lodging tax returns? Cheers.
@DavieMach2 жыл бұрын
Thanks mate That question hasn’t been asked before. But will add to our to do list over videos :)
@daoyang31082 жыл бұрын
Would love to hear how the benefits/downside of buying shares through a company structure and how the tax works.
@DavieMach2 жыл бұрын
check out our company videos on pros and cons thanks!
@manjunathcv46182 жыл бұрын
This is very informative , thank you Have a question, I kind of fall under share trader and I do have a regular income . I have bought shares with an investment of let's say $10k and with buying and selling I am sitting at $6k in cash (have bought a share again for 6k just before 30th June) . Could you please help me understand how to treat the 4k loss in my returns . Thanks in advance
@Jason-tk4vd2 жыл бұрын
Hi Davie, I`m actively trading in Stocks on daily basis. Kindly suggest if I can setup a company and do trading to claim tax benefits for Trading Software yearly fees e.g. Tradingview and System/admin expenses? If yes, how can I do that in any related video or article?
@youaresmart8312 жыл бұрын
Thanks Davie. These videos are extremely helpful. Appreciate you making it. I do have a question around the "Trader" status. Based on my transaction history, I do fall under the trader classification. However, there are securities in my holdings that I purely have for long term investments (they are in the same brokerage account). On those securities, I don't actively trade them, and I purely just hold them for long term appreciation. My question is, is the trader / capital gain status on a per security basis, or is it on a per brokerage account basis, or is it on a per person basis?
@DougieL2 жыл бұрын
Be great if you did a specific video for an employee who gets shares through an ess. Keep it 3 to 4 mins max. Nice diagrams, spell it out. I cannot find a video, I cannot find a nice simple example on the ATO's website? (I am guessing the info is suppressed so accountants can stay in business...?) All the best!!
@DougieL2 жыл бұрын
Spell out vesting and possibilities of extra tax on exchange rate if selling intl shares. Also mention (is it 7 years? For zero CG's?) Cheers
@DavieMach2 жыл бұрын
Will definitely look into it, mate. Great suggestion!
@SJ-xs8kg2 жыл бұрын
Hi Davie On my tax return profit(I got small profit this year). is it deduct my selling and buying brokerage fee? Tnx
@benkuoch2221 Жыл бұрын
I am intra-day trading with my personal account, is it better in tax for me to trade under family trust or company?
@lowkeyconvert897110 ай бұрын
Hi Davie! I was a share investor for many years, buying australian shares and holding for years and then selling. I sold some australian shares at a loss and it would be pretty straightforward for me to do my taxes as an investor. however, some months down the track (same financial year, '22/'23), i began trading US options and i did this almost daily. I'm still trading now. I figured that i now classified as a share trader and registered for a sole trader ABN. now come tax time, i'm really confused as to how i would carry forward my losses from my australian shares to future CGT gains because i now i have an ABN and the tax is done differently to a share investor. i did make a small profit on my US options trading as well. so when i report my CGT loss do i subtract my profit from the sale of US options from the loss from my australian shares and enter that amount in as the CGT loss? I also made under the tax-free threshold when totalling all of my sources of income this past financial year. could you please shed any light?
@danielgomezmeneses6989 Жыл бұрын
How much tax from dividends apply when I hold BHP from the UK? Does someone now?
@jamesbetpeara315 Жыл бұрын
Hello, Would you need to register for an ABN to be applicable for the share investor benefits and deductions? Also if you had a funded trading account under a prop firm would it be considered capitals gains on the money you make from that account or is it considered being an independent contractor for the firm, lowering your tax amount? Thank you
@kushproductions5281 Жыл бұрын
When I exit on a trade and I withdraw my profits, am I automatically taxed through the process by the ATO, or do I need to manually report my earnings?
@Desperate4changing2 жыл бұрын
Thanks Dave 👍
@DavieMach2 жыл бұрын
No problem :)
@amithtanneru17862 жыл бұрын
Thanks Davie. Is interest on marginal loan tax deductible ?
@DavieMach2 жыл бұрын
@@amithtanneru1786 yes it is if it’s used for share trading or investing
@tyronebell66402 жыл бұрын
Hey bro if I sell 18k worth of shares and haven’t earned an income this year so I have to pay tax ?
@robsalvv5853 Жыл бұрын
If you are DCAing over time and building up a position, how do you determine the capital gain / loss when you sell a parcel at some point?
@martind27999 ай бұрын
I have the same question. God I hate taxes.
@krismou93322 жыл бұрын
daaaaaaaaaaaaaavie you in sydney bro? wheres ya tax office