Thanks for checking out this video. This topic was sugguested by a viewer. 🌟 I'm excited to share this one with you. What part did you find most interesting or surprising? Let me know in the comments below, and don't forget to subscribe for more content like this! x
@yola9424
5 ай бұрын
The video was very educational, I love the way you give us some examples and prices.
@OZRuiShi
5 ай бұрын
I'm so glad you found the video educational and enjoyed the examples ! 🌟 What other topics would you love to see covered? x
@zappypuma
5 ай бұрын
Fantastic, High-Quality video and information. Thank you very much and look forward to the success of your channel.
@OZRuiShi
5 ай бұрын
Thank you for the kind words! I'm so glad you found the video helpful. 😊
@rakeshsinghrawat123
2 ай бұрын
Your videos comes out so good with the examples. Appreciate your effort for educating people. Can we offset short term capital LOSS (example -shares) with gross taxable income or long term capital gain?
@OZRuiShi
2 ай бұрын
Hi there, thank you for your kind words! I'm glad you find the examples helpful. As for your question, you can use short-term capital losses to offset both short-term and long-term capital gains. However, you cannot use capital losses to offset your regular taxable income such as salary, interest, dividends, or rental income. If you don't have enough capital gains to offset the capital losses in one financial year, you can carry forward the unused capital losses to future years to offset future capital gains. Hope this helps! 😊
@OilBaron100
3 ай бұрын
Great video and very important information for anyone in Australia considering putting their hard-earned money into crypto. Your video production skills are pretty good with graphics and animations. Your thumbnails are well made and appear to be optimised for boosting from the KZitem algorithm. I'm surprised that you have so few views and subscribers, especially being a finance channel. Is this your full-time occupation now?
@OZRuiShi
3 ай бұрын
Thank you so much for the kind words! Yes, it's been slow going on KZitem, but I'm taking it one day at a time and trying to enjoy the process-it's definitely a marathon. And yes, I'm full-time on this right now. Thanks for your support! 😊
@OilBaron100
3 ай бұрын
@@OZRuiShi good luck with your journey as a financial educator. I’ll like and comment on all of your videos to hopefully boost your channel in the algorithm.
@OZRuiShi
3 ай бұрын
@@OilBaron100 Thank you so much for your support and encouragement! Your support is truly appreciated and motivates me to keep going. Thank you! 😀
@1960bosman
Ай бұрын
I love your videos, but please please can you reduce the volume of the music because it is quite distracting.
@OZRuiShi
Ай бұрын
Thank you for your feedback! I appreciate your support and will definitely work on reducing the volume of the music in future videos to make them less distracting. Thanks for watching!
@vicentegarcia7102
3 ай бұрын
Good luck
@OZRuiShi
3 ай бұрын
☺️ thanks!
@42312280
2 ай бұрын
Hi Rui, how does converting bitcoin/altcoins to a stablecoin not start a capital gains event?
@OZRuiShi
2 ай бұрын
Hi there, thanks for watching! Converting bitcoin/altcoins to a stablecoin is definitely a capital gains event. At around 02:54, I was referring to parking the profit in a stablecoin or cash for tax purposes because they are not volatile and can be considered money set aside. Hope this helps! Let me know if you have any other questions or need further clarification. 😊
@42312280
2 ай бұрын
@@OZRuiShi thank you for that. So if you park the money in stablecoin and then need it to pay for your CGT, you would need to take it out of the stablecoin and into cash, does this cause another CGT event?
@OZRuiShi
2 ай бұрын
@@42312280 Yes, converting stablecoin back into cash is another CGT event. However, due to the nature of stablecoins, they typically don't appreciate much, so any capital gains should be minimal. Hope this helps! 😀
@jate.photography
2 ай бұрын
Are broker fees for share investing considered a tax deductible expense? Under the "cost to acquire".
@OZRuiShi
2 ай бұрын
Hi there, thank you for your question! You can't claim a deduction for some costs related to purchasing your shares, such as brokerage fees and stamp duty. However, you can include them in the cost base (cost of ownership), which you deduct from what you receive when you dispose of the shares to work out your capital gain or capital loss. I hope this makes sense. You can find more information on the ATO's website: www.ato.gov.au/individuals-and-families/investments-and-assets/investing-in-shares/obtaining-shares
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