Stock Market and Cryptocurrency
We help you manage the tax on all types of investments
We can help you get the most from your portfolio and achieve the best possible tax outcomes on all your investments, including stocks and shares.
Our team can advise you on your taxation obligations when you buy, sell and trade cryptocurrencies, including Bitcoin, Litecoin, Ripple, Ethereum and more.
If you have a share portfolio, managed fund or overseas investments, Ashmans will ensure you report correctly and receive any tax concessions you are entitled to.
When you buy or sell shares on the stock market, or trade in cryptocurrencies, you are liable to pay tax on any profits you derive from this activity. However, the amount on which you are taxed, the rate of tax, and the ultimate sum owing to the ATO (if any), can depend on a variety of different factors.At Ashmans Accounting, we have specialists on our team with wide ranging experience in the field of capital gains tax accounting, particularly as it pertains to stock market investments and the trading of cryptocurrencies, such as Bitcoin, Litecoin, Ripple and Ethereum.We can advise on how to ensure you are reporting correctly, how to plan for the best tax outcomes, and how to assess the potential impact of any capital gains on your upcoming tax return.
Trusted Adelaide Accountants
I went to Joe after having problems with my previous accountant and he is a breath of fresh air. He is very professional, is very quick to
Have been using their business for the past few years and have always found their service to be polite, friendly, helpful and knowledgeable
We have been using Joe for over 6 years now for our family trust & business tax affairs. Throughout Joe has been delightful to deal with, n
We have been using Eureka Tax Services for the last 3 years and this year, after re-branding to Ashmans Accounting, we met the director of
I have had my taxes done here for 3 years now, but this year, I found a great young lady who helped me get my best return yet, even better,
I have been getting my tax done through these guys for a few years now and every time it is a smooth and easy experience. The staff are supe
Flexible options for service means I got my tax done even during covid restrictions. Dealt with Carol and Yolanda. Great people to make
i have used your organisation for my tax returns , since coming to Adelaide, about 13 years. i have always had excellent service on each occ
Service and help was absolutely fantastic! Yolanda, the receptionist was very helpful in providing assistance in booking, organising the
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Frequently Asked Questions (FAQ)
When you sell shares, you will either have a capital profit or a capital loss. If you sell shares for less than you paid for them (including brokerage costs), you can claim a capital loss, which can be used to offset any capital gains, but not other income, e.g., your salary.
You may be liable for tax when you sell or trade a cryptocurrency if that transaction is what the ATO calls a taxable event, i.e., when you trade crypto for fiat currency, trade one crypto for another, use a crypto to purchase goods or service, or mine cryptocurrency as a means of earning income.
If you hold shares or crypto for at least 12 months and then go on to sell them at a profit, you are entitled to a 50% discount on any capital gains tax that is payable. You should also include any capital losses before you apply the discount.