Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Investor tax return masterclass ft. ATO Assistant Commissioner

This conversation with the ATO covers what you need to know as an investor when completing your tax return at the end of the FY23/24 financial year.

Listen to the podcast now

Do you pay tax in Australia?

This conversation provides an overview of what you need to know as an investor when completing your tax return at the end of the FY23/24 financial year.

Kate Campbell chats with Rob Thomson, Assistant Commissioner from the Australian Taxation Office. This episode covers all the basics you need to know this tax time straight from the regulator.

💸 Remember the three golden rules for claiming a work-related expense.

  • You spent the money yourself and weren’t already reimbursed
  • The expense directly relates to earning your income
  • And you have records – like receipts – to support your claims.

🖥️ Timestamps from the YouTube version

  • 01:39 Role of the ATO
  • 05:11 DIY vs accountant
  • 07:57 Help – I made a mistake!
  • 08:59 Processing time
  • 09:29 Getting ATO scam calls
  • 10:49 Declaring your income
  • 12:54 Tax deductions you can claim
  • 15:46 Work-from-home deduction methods
  • 20:11 Office equipment
  • 20:57 Medicare levy
  • 23:53 Capital Gains Tax (CGT)
  • 25:03 ETF Distributions
  • 25:26 Capital Loss
  • 27:02 CGT Discount
  • 28:46 Rental properties
  • 32:07 Crypto tax issues
  • 34:31 Tax tips for new investors
  • 36:41 Helpful ATO tax time resources

Podcast resources

Don't look down for great deals 👇

📱 Pearler, the broker for long-term investors.

Sign-up to Pearler using the code “RASK” for $15 of Pearler Credit and learn more about Pearler Rewards here.

🌏 Betashares ETFs

Discover the broadest range of Exchange-Traded Funds (ETFs) in Australia on betashares.com.au.

💸 PocketSmith, a productivity booster for your money.

PocketSmith is not just a budgeting app, it’s an advanced tool that connects to nearly every bank worldwide. Basically, it’s a productivity booster for your money. With PocketSmith, you can organise your money your way and even collaborate with your household and advisors.

Ready to manage your money like a pro? PocketSmith has a special deal for Australian Finance Podcast listeners. Click here to get 50% off your first two months of PocketSmith’s Foundation plan.

The information on this website and in our podcasts is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

Share this episode:

Search by ticker code:
Generic filters

Stocks mentioned:

Like our podcast? Get Owen & Kate's weekly newsletter.

Want to level-up your analytical skills and investing insights but don’t know where to start? We can help. Join 44,000+ Australian investors getting our newsletter and we’ll send you our favourite podcasts, courses, resources, investment articles and podcasts every week. Delivered to your inbox every weekend. Grab a coffee and let Owen, Kate, Mel, Monique and the team bring you the best investment insights every week.

Skip to content