An EOFY tax report for Australian investors
Every July the same job comes round: find the contract notes, the rent statements, the dividend statements and the loan statements, work out what was sold and what it cost, and turn a year of paperwork into something an accountant can lodge from. For anyone with a rental property, a share portfolio or a trust, it is hours of work, and most of it is re-finding figures that were already somewhere.
Compound already knows what you own, so its Tax tab turns tax time into a short list of cards: one for you, one for each rental property, one for your shares and ETFs, your savings and your crypto, grouped by who owns them. Work through each card, then download one pack for your accountant, or follow the myTax steps with your figures if you lodge yourself. It is a record of your own numbers, organised the way a return is prepared, not tax advice.
A card for everything that earns
You (your pay and the things you can claim), each rental property, your shares and ETFs, your savings and your crypto. Tap a card, follow a few short steps, and it ticks off.
Capital gains, with the holding period
Every sale from your trade history with its cost base, proceeds and gain or loss, and whether it was held for more than 12 months, the line that decides the CGT discount.
Rental income and every claimable cost
Property by property: rent received, loan interest, rates, land tax, insurance, strata, management fees, repairs and the rest, each prompted as its own line so nothing is forgotten.
Grouped by who owns it
You and your partner, then each family trust, company and self-managed super fund, each with its own figures, because each is lodged separately.
Your statements do the typing
Import a bank statement and each transaction lands on the right line for you to check. Recorded trades, and broker contract notes you forward, already carry their cost base; crypto comes from your connected exchanges.
Finished two ways
Using an accountant: one download with the figures, a covering summary and your statements. Lodging yourself: a clearly labelled estimate and the myTax steps with your figures beside them.
Common questions
What does my accountant need from me at tax time?
For investors, the core is: every asset sold during the year with its purchase date, cost base and sale proceeds; rent received and every rental expense per property; dividend and distribution statements including franking credits; interest earned and interest paid on investment loans; and any managed fund or ETF annual tax statements. Our investor tax return checklist lists it line by line.
Does Compound lodge my tax return?
No. Compound organises your own figures for you or your accountant to lodge from, and if you lodge yourself it shows the myTax steps with your figures beside each one. It is record keeping, not tax advice, and Compound is not a registered tax agent.
Does it work out capital gains tax on my shares?
It shows every realised gain and loss from your trade history, with the cost base, proceeds and whether the asset was held for more than 12 months. It does not apply your tax rate or tell you what you owe: that depends on your whole return, which is your accountant’s job.
Can it handle more than one investment property?
Yes. Each property has its own income and cost lines, and the report lists them property by property, under whichever entity owns each one.
What about a family trust or an SMSF?
Assets are held under the entity that owns them, and the report is produced per entity, so a trust or an SMSF gets its own pack separate from your personal one.
Have the pack ready before your accountant asks
Compound brings property, super, shares, cash, crypto and business into one view, with your real net worth and the year you could reach financial independence.
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