In Australia, the financial year (sometimes referred to as the ‘tax year’) usually runs from 1 July to 30 June the following year. If you need to file a tax return for the last financial year, for individuals it usually needs to be submitted by 31 October.

On the Australian Taxation Office (ATO) website, you can find out if you need to file a tax return for the financial year and how to file a tax return.

What are my tax obligations from investing through Sharesies?

Generally, you’ll have tax obligations when you receive income from an investment (like a dividend from a company or fund). The amount of tax will depend on things like the type of investment, the country the investment is based in, and the country you’re a tax resident of.

If you’ve sold an investment during the year, you may also have capital gains tax obligations.

You’re responsible for your tax obligations. We don’t provide tax advice and recommend you talk to an independent tax advisor if you have questions about your tax obligations.

What tax info can I get through Sharesies?

At the end of the financial year, we’ll send you a tax statement that gives you a breakdown of your taxable income from any dividends and distributions received during the financial year. To prepare these reports, we rely on information we receive from third parties (such as share registries and investment providers). We take care in preparing these reports, but ultimately you’re responsible for your tax obligations. Sharesies does not hold responsibility for errors in these reports.

At any point in the year, you can also download a report of your transactions or investment holdings with a date range of your choice. To find this, go to Settings > Reports in Sharesies.

Check out our other article for more information on tax.

Handy resources for the 2020/2021 tax year:

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