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  • Tax time toolkit for investors

    Our 2021 Tax Time toolkit for investors. For a summary of this content in portable document format, see Tax time toolkit for investors (PDF, 1.7MB)This link will download a file.

    Assistant Commissioner's foreword

    Welcome to the investors toolkit for 2021.

    Our investors toolkit is a great resource for anyone earning money from their investments, whether you invest in property or cryptocurrency.

    While things look different this year, what hasn't changed is our commitment to provide further support for all investors to lodge their returns accurately. The resources in the toolkit provide information to help investors keep the records they need to prepare their returns now and in the future. Getting your return right avoids costly follow up, and rework down the track.

    In addition to our rental property fact sheets we have expanded the topics to include information on:

    • cryptocurrency
    • pay as you go instalments
    • capital gains tax for  
      • marriage or relationship breakdowns and real estate transfers
      • inherited property
      • sale of a rental property.

    While we provide help and support, we also focus on ensuring the integrity of the system and take actions to ensure all taxpayers are paying their fair share. This means we will continue to review returns where we have indicators the claims are incorrect, or income has been omitted. We will also deal with those who choose to do the wrong thing, which may include application of penalties and prosecution.

    Whilst this year has still had its challenges, your tax return doesn't need to be challenging. This toolkit has been designed to help investors and their agents understand their obligations and avoid costly mistakes in their returns. I encourage all investors and their agents to refer to this toolkit as they complete their returns. You can access other products we have available to assist, such as videos and our rental property guide at ato.gov.au/property

    Adam O'Grady, Assistant Commissioner, Individuals and Intermediaries, Australian Taxation Office.

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      Last modified: 06 Sep 2021QC 59553