The Australian Taxation Office (ATO) investor toolkit is a great resource for anyone earning money from their investments – whether you invest in property, shares, and/or cryptocurrency.
The resources in the toolkit provide information to help investors keep the records they need to prepare their returns this financial year, and in the future.
This year, the ATO have added new fact sheets on:
- capital gains tax on the sale of shares and units
- crypto assets
- rental properties, including body corporate fees and charges.
We find this toolkit a very valuable resource for anyone earning money from investments as it includes very practical calculations and examples for multiple investor scenarios.
How can Walsh Accountants help?
Our team is here to help you understand your investments and calculate your obligations for the 2022 financial year and beyond.
Always remember, whilst everyone needs to pay their fair share of tax, you should never pay more than you are required to. The key to tax minimisation will be structuring and asset allocation, so if you would like us to conduct a review for you, we are happy to help.
Contact our team with any questions you may have in relation to your investments.