Tax, Share Trading & Investing Webinar 2022
Recorded 1 September 2022. The practical management of the key tax issues for share transactions
Revenue or capital account
Protecting franking credits
CGT calculations and concessions
Recorded 1 September 2022
Many of our clients hold shares in companies, either as part of an investment portfolio or in connection with a trading activity. Either way, there are a range of tax issues that need to be considered when clients receive shares, sell shares, or receive dividends relating to shares.
The Tax, Share Trading & Investing Webinar looks at how to determine whether share transactions should be recognised on revenue or capital account and when clients are carrying on a share trading business. We explore some of the specific issues that need to be considered when clients are carrying on a share trading activity including the trading stock rules and non-commercial loss provisions.
We look at the common issues faced by investors, including how to determine whether franking credits attached to dividends can be claimed, how to deal with dividend reinvestment and bonus share arrangements, and the key issues to consider when performing CGT calculations.
This is essential training for every accountant.
Total 1.5 CPD Hours
The Tax, Share Trading & Investing Webinar explores the most common tax issues that clients face when dealing with share transactions and dividends and how to work through these issues in practice.
- Determining whether a client holds shares on revenue or capital account
- Is your client carrying on a share trading business?
- Applying the trading stock rules to shares
- Determining the extent to which clients can claim interest deductions for money borrowed to acquire shares
- Confirming whether clients can claim franking credits attached to dividends
- Exploring the integrity rules that can impact on franking credits
- Calculating capital gains and losses under the CGT rules
- Dealing with option arrangements in practice
- Dividend reinvestment arrangements and bonus shares
- Applying CGT concessions to transactions involving shares
- Key issues that arise when clients receive shares as payment for services
Michael Carruthers
Tax Director, Knowledge Shop
Michael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.
Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He was a long-term member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board’s review of small business concessions.
He was also an expert panel member for the Board’s review of tax impediments facing small business.
Tax, Share Trading & Investing Webinar 2022
Tax & Accounting
1.5 hours | 2 modules
Investment per person:
$213.64
+ GST
Team cost:
$540.91
+ GST
You can’t use team rate, please either signup or login to access team rates
CPD Hours: 1.5 hrs
FS
SMSF
Tax Accounting
General