Share Dividends and Capital Gains

UNDER DEVELOPMENT!

SHARE DIVIDENDS &CAPITAL GAINS is a basic user-friendly program to record all of your share dividends and share purchases and sales. It assists in complying with ATO requirements. You can record these details anywhere with internet connected devices.

TIPS, HINTS & LINKS
Home takes you to https://www.taxrecord.com.au/home/

APPLICATIONS DIVIDEND REGISTER – record dividends received here.
Add new dividend complete the following:

  • Date
  • Company To add your own company click “Manage companies”.  Add new company and create.  The company will be saved for future use. Please note that if you change a company name it will change it on all previous entries. Please add a new company rather than changing a current company name. Only change a company name prior to starting or if you are happy for it to alter all previous entries from the current company name to the new company name.
  • Amount $ dividend enter into the franked or unfranked box as relevant
  • Imputation Credit $ is automatically calculated and you can also overwrite it.
  • Reinvested make yes and then you are required to put number of shares in box. This is automatically added to your share register.
  • Save creates the income item

SHARE REGISTER – record all share purchases & sales here.

BUY Add new Share Purchase complete the following:

  • Date
  • Company To add your own company click “Manage companies”.  Add new company and create.  The company will be saved for future use. Please note that if you change a company name it will change it on all previous entries. Please add a new company rather than changing a current company name. Only change a company name prior to starting or if you are happy for it to alter all previous entries from the current company name to the new company name.
  • Details enter extra information if you wish
  • Amount $ purchase price
  • Number of Shares
  • Save creates the share entry.

SELL Add new Share Sale complete the following:

  • Date
  • Company To add your own company click “Manage companies”.  Add new company and create.  The company will be saved for future use. Please note that if you change a company name it will change it on all previous entries. Please add a new company rather than changing a current company name. Only change a company name prior to starting or if you are happy for it to alter all previous entries from the current company name to the new company name.
  • Details enter extra information if you wish
  • Amount $ purchase price
  • Number of Shares
  • Save creates the share entry.

Capital Gain Calculation

  • “STILL IN PRORESS”

Once entries have been created they will be summarised in a quick view form when you log in.  You can view, edit or delete by using the icons on the right hand side.

REPORTS

Generated – Shows reports generated. Data is as at generated date a new report must be generated to reflect any changes.

Dividend Register

  • All Dividends – enter start date and end date and click “generate report”.  This will generate report showing all dividends by date for that period.
  • All Dividends by Company Report – enter start date and end date and click “generate report”.  This shows a detailed report for all dividends by all companies for that period.
  • Dividends for single Company – enter start date, end date and company eg Telstra, and click “generate report”.  This shows a detailed report of all dividends for that company for that period.

Share Register

  • All Entries by Date – enter start date and end date and click “generate report”.  This will generate report showing all shares bought & sold by date for that period.
  • Shares Details by Company– enter start date and end date and click “generate report”.  This shows a detailed report for all shares bought & sold by all companies for that period.
  • Share details for single Company – enter start date, end date and company eg Telstra, and click “generate report”.  This shows a detailed report of all shares bought & sold for that company for that period.
  • Capital Gain Calculation – still in progress

All Reports can be saved to your device or printed using the information on the screen.

USEFUL LINKS:

Dividends
https://www.ato.gov.au/individuals/income-and-deductions/income-you-must-declare/investment-income/#Dividends1

https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/interest,-dividend-and-other-investment-income-deductions/

Shares
https://www.ato.gov.au/individuals/investing/in-detail/investing-in-shares/shares—helping-you-to-avoid-common-mistakes/#H3

https://www.ato.gov.au/individuals/investing/investing-in-shares/obtaining-shares/

https://www.ato.gov.au/individuals/investing/investing-in-shares/disposing-of-shares/

Capital Gains
https://www.ato.gov.au/General/Capital-gains-tax/

https://www.ato.gov.au/General/Capital-gains-tax/Shares-and-units/

Recordkeeping
https://www.ato.gov.au/individuals/investing/keeping-good-investment-records/

 

Disclaimer
The information included on these pages is of a general nature and should be used only as a guide.  Information may apply differently to different people in different circumstances. Taxation and related laws and practices can change frequently and without warning and caution must be exercised when relying on any information. Advice specific to an individual’s situation should be sought from a qualified and, where required by law, registered source.

 

 

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