Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
catherine16(Initiate)Initiate
18 Oct 2022

Do share trading by my family trust. As share trader when fill BAS in worksheet method:

  1. Does G1 or G4 fill amount of share sales gross profit or net profit? if loss occurred the profit amount will be a negative figure, does it still need to fill?
  2. Where to fill share purchase amount? In G11 as trading stock in no-capital purchase? or G13 as making input tax sales? Also, where to fill share sells amount?
  3. amount of Brokage fee for share buys and sell during this period can be fill in G11 as non- capital purchase?
  4. Does GST in brokage fee can be claimed?

Thanks in advance for answer my above questions.





781 views
9 replies
781 views
9 replies

Most helpful response

All replies

Bruce4Tax(Taxicorn)Taxicorn
19 Oct 2022

  1. G1 includes sales - not gross profit, not net profit https://community.ato.gov.au/s/question/a0J9s0000001GOz/p00039351
  2. Not required in simplified BAS - else G11
  3. Brokerage = expense, so G11
  4. If entity is GST registered, then Yes - but only 75% see https://community.ato.gov.au/s/question/a0J9s0000001DHs/p00027383


  • Avatar of woman with grey hair and glasses
Liked by catherine16
catherine16(Initiate)Initiate
19 Oct 2022

Hi @ Bruce4Tax


Thanks for the quick reply. 2，3，4 is very clear now.

Only Question 1 still confusion. For example, if buy shares amount AUD1000, then sell the same units in amount AUD1300, so profit will be AUD300.

Based on you said "G1 include sales -not gross profit, not net profit. " As a share trader I should fill 1300 in G1 or 300 in G1 ?

Featured articles

How to work out your tax residency

15 Apr 2026 · 8 min read time

Top liked users

  1. Taxduck

    (Taxicorn)

    1320 likes

  2. Bruce4Tax

    (Taxicorn)

    967 likes

  3. YellowPotato

    (Taxicorn)

    356 likes

  4. Ken_Oath

    (Master)

    199 likes

  5. knaresbro

    (Devotee)

    141 likes

Top contributors

  1. Taxduck

    (Taxicorn)

    2879contributions

  2. Bruce4Tax

    (Taxicorn)

    2831contributions

  3. YellowPotato

    (Taxicorn)

    929contributions

  4. knaresbro

    (Devotee)

    290contributions

  5. TobyJDodd

    (Devotee)

    176contributions

Loading
How share trader fill BAS in worksheet method ? | ATO Community