Share buyback proceeds ruled taxable by High Court

Tax Basics for Share Investors

Tax implications share investors need to know when buying, owning and selling shares.

Roles & Responsibilities of SMSFs Trustees

The Australian Tax office has published an updated guide (Nov 2005) on SMSFs. The guide outlines the rules governing the operation of SMSFs, the trustees’ responsibilities and how the ATO regulates SMSFs.

Return of Capital: What are the tax implications to you?

If a company whose shares you own decided to return capital to its shareholders, what are the tax implications to you?

Taxation: Trader or Investor?

Trader or Investor for Tax Purpose

It may be an advantage to be treated as a trader rather than an investor. Share traders are carrying on a business, and the costs of carrying on that business are deductible under the income tax legislation. The biggest benefit is that the trading stock provisions can be utilised to the trader's advantage. Unlike an investor, a trader includes the value of shares when calculating a profit for tax purposes. This is because the shares purchased by a trader are stock in hand.