Share investing: The tax basics

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.

Can I claim a tax deduction for my gym membership?

There are lots of reasons to keep fit but very few of them have to do with how we earn our income. As a result, a tax deduction for a gym membership isn’t available to most people. And yes, the Tax Office has heard all the arguments before about how keeping fit reduces sickness and therefore is important to earning an income, and ‘…the way I look is important to my job’. Can I claim a tax deduction for my gym membership?