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/
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?
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?
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?
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?
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/
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?
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?
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?
What are the tax's for trading US treasury Futures contracts? Same as individual tax brackets? Thanks.
Would the passive income be taxed less if you hold the stock or ETF for over a year?
so, How much are the taxes to pay for the profits in forex ?
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?
Sir I'm international student can I do stock trading? And how can i pay taxes
F taxation
so, How much are the taxes to pay for the profits in forex ?