How Does Tax Work on Shares in Australia? | Explaining Capital Gains & Dividends

On today’s video I answer a question I see commonly asked, how does tax work on shares in Australia. I discuss how capital gains works, how you can reduce the tax you pay on a capital gain, and how the dividend system works in Australia. There are two main ways you pay tax on shares in Australia, from dividends you receive and when you make a capital gain at sale. Luckily, we have things such as franking credits and capital gains discounts that can help save you tax on your shares. --- Have you started investing in shares yet? --- 📺 Subscribe to this channel - https://www.youtube.com/c/ethanroosho... --- 🔥 Join Our Discord! The Rooshocks Discord allows me to answer questions about Business, Tax, Crypto and NFTs. It’s also the place where you can get up to date information on my NFT project, Rooshocks! -   / discord   --- 💰 My Accounting Business - https://rooshockaccounting.com.au/ — 🖼️ My NFT Project, Rooshocks - https://rooshocks.xyz/ — 💼 How I Track My Crypto Investments for Tax Time Crypto Tax Calculator - https://cryptotaxcalculator.io?fpr=xo5ak (Get 20% Off using the code BFF2020) Koinly - https://koinly.io/?via=9B29D87A CoinTracking - https://cointracking.info?ref=E484421 --- ✏️ How I Track My Investments for Tax Time - https://portfolio.sharesight.com/refe... --- 📈Digital Surge (Australian Based Crypto Exchange) - https://digitalsurge.com.au/?ref=6SK2Q --- 💸Pearler (Australian Based) ($9.50 brokerage and Free Brokerage on Some ETFs) - https://pearler.com/home?deal=rooshock --- ✍ Personal Finance Blog - https://ethanrooshock.com/ --- 📖 Chapters 0:00 Intro 1:51 The two main types of Income received from Shares 2:03 Dividend Income 6:33 Capital Gains Income 11:40 How I Track my Shares Information for Tax Purposes 12:26 Summary --- Ethan 'Rooshock' (Rucioch) is an Australian business owner in his mid 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling as well as watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even some social media marketing content. --- CONNECT WITH ME HERE: 👍 Facebook -   / ethan-rooshock   📷 Instagram -   / ethanrooshock   🐦 Twitter -   / ethanrooshock   🎵 Tik Tok -   / ethanrooshock   💼 LinkedIn -   / ethan-rucioch-037b44a3   ✉ Email - [email protected] --- Music - https://www.bensound.com --- Disclaimer The information in this video and on this YouTube channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks Pty Ltd or any other related party may receive a commission through these. --- #taxonshares #incometaxaustralia #dividends #capitalgains