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Share trading tax return2022-03-25T16:48:35+11:00

Share trading tax return

Tax planning and structures for
share traders & share investors

Kumari
11:21 09 Jun 21
Robin and his team offer a value added service where every interaction and meeting seems to only improve things. They take on the various challenges we have and ameliorate our financial situation and spend however long it takes to make sure we understand what actually is happening. If you are looking for an accounting firm that wants to work together with your business, listens to your concerns and develop tailored solutions - then you won't regret engaging RA Advisory.
Kirsten Louise
22:58 09 Jun 21
I really appreciated Robin's warm and professional manner, as well as his patience in answering our tax and accounting questions. Robin and his team are also prompt in their replies to emails
roshan shetty
08:48 30 Aug 20
Having known Robin personally before availing his accounting services, I was fully aware what I was getting into. Seriously, he thinks in numbers and is the one of the most organized and meticulous person that I know. Guess that's an occupational hazard however that did give me a preview of what sort of accounting experience I was signing up for.This was the first time, I considered doing my taxes with the help of professional. If you are someone, who's got only one source of income and not many ongoing investments other than a savings account then you are better off doing it yourself. (This is the exact advice I got from RA advisory before they agreed to help me with my taxes). However, having gone through them, I can see the difference a professional service makes. If you are after an accountant, you won't go wrong in choosing them. Affordable fees, detailed advice and fast returns.
Vivek A
02:29 22 Sep 20
I was referred to RA Advisory by two of my friends, and I have known Robin personally before my interactions with him as a potential accountant.Robin is methodical, very detail oriented, and gives sound advice without the "marketing speeches" commonly seen from many other accountants. He advised me that forming a company was a great idea for my situation along with clear reasons and has helped me form this company and manage the book keeping and accounting. I found him to be very knowledgeable in all aspects of personal and company tax and would highly recommend RA Advisory and his team as accountants for both personal and business situations.If you want a clear cut and to the point accounting practice, this is the place to go to.
Roy Hanford
08:32 21 Aug 20
Robin and the team at RA Advisory are professional, hold you to account but most importantly authentic. They’re passionate about helping you whether, it be personal or business related financial matters, and put in the extra leg work every time. I recommend RA to anyone who ever asks ‘Do I Know a good accountant?’ My reply is always, ‘No I don’t, I know a GREAT accountant.’
Harry Singh
03:23 20 Jan 22
Robin Aggarwal at RA Advisory is very smart and qualified accountant. He is very thorough and pragmatic.I reached out to him for a very urgent request, after he was recommended to me by a family member. He understood the problem before committing to help, he specifically made time to ensure I was able to meet the tight deadline.Based on his knowledge and customer service skills, I would recommend RA Advisory to anyone.
Chris Zissis
07:51 02 Feb 22
Great work! These guys make my life so much easier!
Bin Looking
01:14 22 Feb 22
Our company has been with Robin Aggarwal since the inception of RA Advisory C/A.We have found Robin and associates to be be nothing but attentive to our requirement,all services are promptly attended to.We would highly recommend RA Advisory Chartered Accountants to any person or business looking to engage with an approachable ,highly competent group of professionals.B.F.Malpas,Director,Malpa Holdings PTY .
AMOL GUPTA
22:59 08 Nov 21
The whole of RA team is friendly. Robin is responsible and will do the best for his client. I am sure client will be safe with RA. Icing on the cake is Robin's personable attitude.
Betty Fang
07:38 26 Oct 21
Robin and Elva have been fantastic in helping me with my taxation needs. Knowledgeable, professional and easy to talk with. Highly recommended!
Shirley Guo
23:08 23 Feb 22
Robin is very helpful and reliable. He helped me with my tax stuff and gave me some advice on financial management. I’m sure I’ll come in the future!
Anh Nguyen
03:18 24 Feb 22
Highly recommend their services at RA Advisory! Robin and the team do their very best to make sure that you walk out with a smile. Anyone looking for a good accountant, this is the place to go!
Abhilash John
08:30 20 Mar 22
Robin, Bhavya, and team were truly professional in their approach. Robin spend a lot of time with me, patiently answering every question that I had in terms of Investment strategies, tax returns etc.. I highly recommend them for your tax returns and general advise on tax.
nermeen Tsatsis
05:40 23 Mar 22
Great service given by Robin, went above and beyond expectations. Highly recommend. Thankyou!
Daniel Yee
02:11 29 Mar 22
Robin and his team are greatly supportive, helpful and make tax time very easy.
W K
08:18 29 Mar 22
Great service from Robin and his team. They take the time to carefully run through things with you and he's helped me clear up my prior returns and provided some great advise on financial management structures. Will definitely be staying with RA long term.
Andrew H
06:53 01 Apr 22
It has been an absolute pleasure connecting with Robin and his team. While I have found him to be highly knowledgeable and competent, Robin's true gift is a genuine interest in supporting the financial growth of his clients. I would not hesitate in recommending RA Advisory to others and look forward to our continued partnership for many years to come.
Claire Sauvage
05:30 22 Apr 22
Robin was very helpful and able to answer all questions related to preparing for tax time and which accounting systems were appropriate for my business in the community services/healthcare sector. Robin was very generous with his time and knowledge and I would recommend him to others.
See All Reviews
Home » Our Services » Share trading tax return

Your tax income or loss for share trading is included as part of your annual tax return. When you lodge your individual tax return, you’ll need to report any profits or loss you have made on share trading throughout the financial year. Any dividends you earn will also need to be added to your taxable income.

The tax treatment of your shares depends on whether you hold shares as an investor or carry on a business as a share trader.

If you hold shares as an investor

  • Your shares are assets and are subject to capital gains tax when you sell them

  • Your costs are taken into account at the time you sell your shares

  • If you have a capital loss you can use it to offset capital gains but not to offset income from other sources

  • Income is earned from dividends and similar receipts.

If you are a share trader

  • Your shares are treated like trading stock in a business

  • Your gains are treated as ordinary income

  • Your losses and costs are treated as deductible expenses in the year they are incurred

Share trader or share investor?

Determining if you are a share trader is the same as determining whether your activities are considered to be carrying on a business for tax purposes.

Under tax law, a business includes ‘any profession, trade, employment, vocation or calling, but does not include occupation as an employee’.

To determine whether you are a share trader or a business of trading shares, the following factors have been taken into account in court cases:

  • the nature and purpose of your activities

  • the repetition, volume and regularity of your activities

  • whether your activities are organised in a business-like way

  • the amount of capital invested.

Meet RA Advisory Business Accountants, Your Share Trading Tax Experts

There are lots of conditions you need to consider when you lodge your tax return. Different tax treatments and different tax calculations would give you different results and finally affect your tax position. RA Advisory has helped our clients preparing share-trading tax returns over the years. We are the expert you can trust and can help you with your tax return. Please contact us if you require further information on whether you are a share investor or share trader.

Why choose RA Advisory

  • Access to a tax & financial specialist
  • Get practical advice and personal attention
  • Expertise in all the right areas
  • Cloud-based technology
  • Flexible service options
  • Customized tax, accounting, and financial strategies

Tax treatments for share traders and share investors:

Share Trader

  • The shares you have bought should be considered as trading stock.

  • Gain from sales of shares is regarded as assessable income.

  • Dividend is regarded as assessable income.

  • Loss from trading can be deemed as tax deduction.

  • Cost incurred for selling or buying of shares are same as the cost of running a business operation and hence can be claimed as a tax deduction.

  • Cost of supplies which are essential for record keeping for the share trading business, for example computers and calculators, can be claimed as tax deduction.

Share Investor

  • Gain from share investment is considered as CGT (capital gains tax).

  • Cost incurred with purchasing of shares cannot be claimed as tax deduction.

  • Loss from selling the shares should be deducted from CGT.

  • You would have an option to choose from 3 available methods to declare your CGT Share trading income.

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10 Must Do Steps For A Financially Secure Future

What our Client Say About us

Our customers rate us with a 100% rating

Robin was very helpful and able to answer all questions related to preparing for tax time and which accounting systems were appropriate for my business in the community services/healthcare sector. Robin was very generous with his time and knowledge and I would recommend him to others.
Claire Sauvage
Claire Sauvage
05:30 22 Apr 22
It has been an absolute pleasure connecting with Robin and his team. While I have found him to be highly knowledgeable and competent, Robin's true gift is a genuine interest in supporting the financial growth of his clients. I would not hesitate in recommending RA Advisory to others and look forward to our continued partnership for many years to come.
Andrew H
Andrew H
06:53 01 Apr 22
Great service from Robin and his team. They take the time to carefully run through things with you and he's helped me clear up my prior returns and provided some great advise on financial management structures. Will definitely be staying with RA long term.
W K
W K
08:18 29 Mar 22
Robin and his team are greatly supportive, helpful and make tax time very easy.
Daniel Yee
Daniel Yee
02:11 29 Mar 22
Great service given by Robin, went above and beyond expectations. Highly recommend. Thankyou!
nermeen Tsatsis
nermeen Tsatsis
05:40 23 Mar 22
Robin, Bhavya, and team were truly professional in their approach. Robin spend a lot of time with me, patiently answering every question that I had in terms of Investment strategies, tax returns etc.. I highly recommend them for your tax returns and general advise on tax.
Abhilash John
Abhilash John
08:30 20 Mar 22
Highly recommend their services at RA Advisory! Robin and the team do their very best to make sure that you walk out with a smile. Anyone looking for a good accountant, this is the place to go!
Anh Nguyen
Anh Nguyen
03:18 24 Feb 22
Robin is very helpful and reliable. He helped me with my tax stuff and gave me some advice on financial management. I’m sure I’ll come in the future!
Shirley Guo
Shirley Guo
23:08 23 Feb 22
Our company has been with Robin Aggarwal since the inception of RA Advisory C/A.We have found Robin and associates to be be nothing but attentive to our requirement,all services are promptly attended to.We would highly recommend RA Advisory Chartered Accountants to any person or business looking to engage with an approachable ,highly competent group of professionals.B.F.Malpas,Director,Malpa Holdings PTY .
Bin Looking
Bin Looking
01:14 22 Feb 22
Great work! These guys make my life so much easier!
Chris Zissis
Chris Zissis
07:51 02 Feb 22
Robin Aggarwal at RA Advisory is very smart and qualified accountant. He is very thorough and pragmatic.I reached out to him for a very urgent request, after he was recommended to me by a family member. He understood the problem before committing to help, he specifically made time to ensure I was able to meet the tight deadline.Based on his knowledge and customer service skills, I would recommend RA Advisory to anyone.
Harry Singh
Harry Singh
03:23 20 Jan 22
The whole of RA team is friendly. Robin is responsible and will do the best for his client. I am sure client will be safe with RA. Icing on the cake is Robin's personable attitude.
AMOL GUPTA
AMOL GUPTA
22:59 08 Nov 21
Robin and Elva have been fantastic in helping me with my taxation needs. Knowledgeable, professional and easy to talk with. Highly recommended!
Betty Fang
Betty Fang
07:38 26 Oct 21
I really appreciated Robin's warm and professional manner, as well as his patience in answering our tax and accounting questions. Robin and his team are also prompt in their replies to emails
Kirsten Louise
Kirsten Louise
22:58 09 Jun 21
Robin and his team offer a value added service where every interaction and meeting seems to only improve things. They take on the various challenges we have and ameliorate our financial situation and spend however long it takes to make sure we understand what actually is happening. If you are looking for an accounting firm that wants to work together with your business, listens to your concerns and develop tailored solutions - then you won't regret engaging RA Advisory.
Kumari
Kumari
11:21 09 Jun 21
I was referred to RA Advisory by two of my friends, and I have known Robin personally before my interactions with him as a potential accountant.Robin is methodical, very detail oriented, and gives sound advice without the "marketing speeches" commonly seen from many other accountants. He advised me that forming a company was a great idea for my situation along with clear reasons and has helped me form this company and manage the book keeping and accounting. I found him to be very knowledgeable in all aspects of personal and company tax and would highly recommend RA Advisory and his team as accountants for both personal and business situations.If you want a clear cut and to the point accounting practice, this is the place to go to.
Vivek A
Vivek A
02:29 22 Sep 20
Having known Robin personally before availing his accounting services, I was fully aware what I was getting into. Seriously, he thinks in numbers and is the one of the most organized and meticulous person that I know. Guess that's an occupational hazard however that did give me a preview of what sort of accounting experience I was signing up for.This was the first time, I considered doing my taxes with the help of professional. If you are someone, who's got only one source of income and not many ongoing investments other than a savings account then you are better off doing it yourself. (This is the exact advice I got from RA advisory before they agreed to help me with my taxes). However, having gone through them, I can see the difference a professional service makes. If you are after an accountant, you won't go wrong in choosing them. Affordable fees, detailed advice and fast returns.
roshan shetty
roshan shetty
08:48 30 Aug 20
Robin and the team at RA Advisory are professional, hold you to account but most importantly authentic. They’re passionate about helping you whether, it be personal or business related financial matters, and put in the extra leg work every time. I recommend RA to anyone who ever asks ‘Do I Know a good accountant?’ My reply is always, ‘No I don’t, I know a GREAT accountant.’
Roy Hanford
Roy Hanford
08:32 21 Aug 20

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Share trading frequently asked questions

Yes, you need to pay tax on any profits that you’ve made from share trading during the year – this is called capital gains tax (CGT). Any profits that you make are added to your total taxable income for the year. So, if you’re paid a salary of $49,0000 and you make $1,000 from trading shares – your total taxable income is $50,000.

Any profits you make from share trading is added to your total taxable income. The tax you pay on your shares will depend on what tax bracket you fit into based on this total income.

If you’re a casual investor, your profits are calculated as total profits minus total losses. So, if you bought 100 Afterpay (APT) shares at $10 per share and sold them all at $20, your taxable profit is $1000. But say a month later you bought 100 APT at $40 and sold them at $30, your total taxable profit (if you made no other trades) would be $0.

Your tax return for shares is included as part of your regular tax return after June 30.

You have a share trading plan if you can answer yes to the following:

  1. You carry out analyses of future investments.
  2. You look at the market to identify areas of potential gain.
  3. You make a decision to buy or hold shares based on future value.

Download Your Free 20 Page Guide

10 Must Do Steps For A Financially Secure Future

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