With many new investors moving away from cash investments to seek greater return, the popularity in direct share investing has never been greater. This article summarises the tax responsibilities of a share investor and highlights some of the risks. A call to action to speak with a qualified adviser is also included. – Share investing: The tax basics.
Whether it’s by direct purchase, via a managed fund or through superannuation, most Australians hold some form of share investment. Many of us are aware that if the numbers in the finance report on the evening news are mostly green that’s good and if they’re red that’s bad, but beyond that we give little thought to what shares are and why we should take an interest in them. There’s more to shares than numbers on a screen