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Share Disposals with Our Expert Guidance
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Expert Assistance Regarding Tax on Disposal of Shares
Guidance on Tax Implications of Share Disposal
Selling shares can trigger capital gains tax (CGT) liabilities. If you’re engaged in trading shares, any profits generated from such sales are classified as business income and taxed accordingly. G.M. Egan & Co. provides tailored advice to help you minimise tax impacts and maximise financial benefits, no matter how you dispose of your shares.
Calculation of capital gains or losses
Preparation and filing of tax returns
Again, a share disposal can lead to a capital gain or a capital loss. You must report the total capital gains accrued during the year, net capital losses carried forward to future years, and the net capital gain on your tax return for the year the shares were sold. If all these may seem complicated, we’re ready to step in preparing & filing your tax returns.
Why Choose G.M. Egan & Co. for Taxation on Share Disposals?
Partnering with G.M. Egan & Co. means gaining access to unmatched expertise, tailored solutions, and a proactive approach to managing tax on the sale of shares in Australia.
Local Knowledge
Personalised Advice
Technology-driven efficiency
Year-Round Accessibility
We’re here whenever you need us. Don’t wait for the end of the financial year to address your share transactions—our support is available all year round.
Proactive Tax Planning
Matt C2024-03-01 Professional & reliable accounting services offered for local businesses. Great customer service and very experienced team Alan2024-02-27 I was in search of a local accountant that was knowledgeable with investment properties and CGT calculations. I found Flora to be amazing. She took the time to answer all my questions, and was very fast in preparing the returns. I found her experienced and very friendly. I would not hesitate to use her services again in the future. Thank you Flora! Nat Parisi2023-11-28 I am a new to the sole trader industry. I was very nervous as I wasn’t to sure how to go about completing my BAS and GST. My first and second meeting with William was fantastic. William answered all my questions and in addition helped advise me on the right steps and avenues to take for my small business. William straight away eased all my anxieties in relation to the financials of my business. William was very knowledgeable and was patient, taking the time to explain everything to me. William and his team provides clear, regular updates along with guidance to eliminate unnecessary expenses. Pol Luis2023-10-20 Great service, highky responsive and handled my tax affairs with professionliam Pauline Rose Enriquez2023-10-20 Professional tax service Marjorie Wong2023-10-20 very happy with the service… the team was really attentive and was very quick to respond to my queries. Stephanie Tungcab2023-10-20 Geoff and the team provide great professional tax service!! Elaine Cunanan2023-09-21 Your work is exemplary! very good in service and very professional. Jolo Canlas2023-09-21 Their team is incredibly professional, accurate, and always meets deadlines. Highly recommended!
Contact Us Today
Disposing of shares may have complicated tax implications, but we’re here to help. Whether you need assistance knowing your CGT liabilities, calculating capital gains or filing a tax return that covers the share sale, G.M. Egan & Co.’s tax experts are here to help.
Contact us today for a consultation, and let us guide you in your share disposal.