Investor tax return masterclass ft. ATO Assistant Commissioner [2024] 

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.
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ABOUT THE PODCAST
The Australian Finance Podcast is your crash course guide to sorting out your finances, one episode at a time. Owen & Kate bring you actionable information that you can put into practice today to smash those money goals and set yourself up for success.
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.
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Timestamps
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