TheAustralian capital gains tax reportcalculates capital gains made on shares as per theAustralian Tax Office rules. It allows you to specify different sale allocation methods across the entire portfolio and individual holdings, including: First In, First Out (FIFO)– Sharesight assumes that you sel...
Tax loss selling is a strategy that you can leverage to minimise your net capital gains earned over the financial year and reduce your income tax. While tax loss selling can be used at any time, it is most useful in the lead up to the end of each financial year, when you have a ...
Plus, as an Australian tax resident, you can save even more by claiming your Sharesight subscription fees on your tax return1. FURTHER READING 5 ways Sharesight helps Australian investors at tax time Capital gains tax (CGT) calculator for Australian investors Tax loss selling for Australian inves...