Tax advice

[craic]

So at the end of the road - when you are an aged couple like us - I'm just on eighty, isn't it fair enough to play with the few dollars you saved in shares to make the time more enjoyable. I've paid the piper, over and over. I trade to pay for our next holiday, or my wife's hearing aids or the like. sometimes the taxman gives me a rebate on dividends.

[fish]

Many years ago I changed my accountant because his interpretation of tax laws was different to mine-and what I could find from others.
I always buy shares with the intention of a long-term hold for my retirement.
If the value of that share unexpectedly rises my portfolio needs to be rebalanced and I might sell some

[minimoke]

Many years ago I changed my accountant because his interpretation of tax laws was different to mine-and what I could find from others.
I always buy shares with the intention of a long-term hold for my retirement.
If the value of that share unexpectedly rises my portfolio needs to be rebalanced and I might sell some

I always buy with an intention of gaining a future dividend. What I try to do is gain as low an entry price into that stock as possible. This means the dividend I get is much better yielding for the money I spent at the time. For example if I bought THL at $1.00 I'm now getting $0.21 a share dividend. That's the kind of Income yield I like and more than happy to pay my tax on it.

I only sell if I think the value of my capital reduces and the dividend income looks iffy. Take SKT for instance. Had that for a while and enjoyed a tasty income. But now I reckon it is going to become worthless and when that happens there will be no dividend. So a while back it was time to quit it.

Other wise there are some times in life when sh1t happens and I just need cash. So I might be forced to sell some assets - shares included.

So I am quite content to pay my tax on dividend income and see no reason to pay any other share related tax.

[Gringo]

Does anyone know if you can claim travel expenses to an AGM as an income-focused share investor (not a trader), like you can travel to inspect a rental property?
I believe you can in Australia, as long as the company pays a dividend.
Thanks

[blackcap]

Does anyone know if you can claim travel expenses to an AGM as an income-focused share investor (not a trader), like you can travel to inspect a rental property?
I believe you can in Australia, as long as the company pays a dividend.
Thanks

Why would you not be able to? You can claim other expenses against your income for shares such as interest etc. I claim my AGM expenses.

[t.rexjr]

Why would you not be able to? You can claim other expenses against your income for shares such as interest etc. I claim my AGM expenses.

I'd get a second opinion on that, seems there's some overlapping of investor vs trader

[t.rexjr]

Does anyone know if you can claim travel expenses to an AGM as an income-focused share investor (not a trader), like you can travel to inspect a rental property?
I believe you can in Australia, as long as the company pays a dividend.
Thanks

Rental properties have two parts. 'Property manager' and 'investor'. The investor can't claim the travel expense as that would be a claim against capital, of which there is no taxable income. The 'property manager' can claim said expense as they are in the business of renting properties and producing a taxable income.

[fungus pudding]

Rental properties have two parts. 'Property manager' and 'investor'. The investor can't claim the travel expense as that would be a claim against capital, of which there is no taxable income. The 'property manager' can claim said expense as they are in the business of renting properties and producing a taxable income.

Where on earth did you dig that up from?

[t.rexjr]

Where on earth did you dig that up from?

Accounting for dummies?

Thought it was simplifying the logic. Maybe not...

[Gringo]

Rental properties have two parts. 'Property manager' and 'investor'. The investor can't claim the travel expense as that would be a claim against capital, of which there is no taxable income. The 'property manager' can claim said expense as they are in the business of renting properties and producing a taxable income.

Have to say I've not heard that one either.
Certainly a non-issue if the owner (investor) is the property manager, looking after their own rentals.