Q: I operate a two-member self-managed fund and the tax returns are done by an accountant. My question concerns the calculation of capital gains tax on sales, especially shares bought in increments over the years. My accountant does it by hand, which is time-consuming. She does not know of any app or spreadsheet that could mechanise the process. It seems free calculation spreadsheets only cover single events and not incremental share purchases, and broker reports also don’t have this option. I’ve seen apps that do this (one of which is a service called Sharesight) but know nothing about them. Gunther.
A: Because superannuation provides an attractive means of saving for retirement, due to the significant tax benefits it offers, it is important you get your tax management right.
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