Why Sharesight Stands Out

Sharesight is a portfolio tracking tool built specifically for investors. While there are many apps that show your current holdings and performance, Sharesight is particularly strong at the things that matter most at tax time:

- Accurate Capital Gains Tax (CGT) calculations
- Automatic handling of Dividend Reinvestment Plans (DRPs)
- Clear tax reports that we can use directly

Key Features That Make Tax Time Easier

CGT Tracking & Reporting Sharesight automatically calculates your capital gains and losses when you sell shares or ETFs. It applies the 50% CGT discount where eligible and produces a clean report showing everything we need for your tax return.

DRP (Dividend Reinvestment Plan) Handling This is one of the biggest pain points we see. Every time you reinvest a dividend, it creates a new parcel of shares with its own cost base and purchase date. Sharesight tracks all of these automatically, something that becomes very difficult to manage manually over several years.

Tax Reports You can generate an annual tax report that includes:
- All dividends and distributions received
- Capital gains and losses
- Franking credits
- A clean summary we can use when preparing your return

Portfolio Performance Beyond tax, it also gives you a clear picture of your overall portfolio performance, including dividends reinvested. This is useful if you want to review how your investments are actually tracking.

How We Use It With Clients

When clients use Sharesight and give us access (or export the tax report), it significantly reduces the time and risk of errors when calculating capital gains — especially for people with:
- Long-term shareholdings
- Active DRPs
- Multiple buy and sell transactions during the year

It also helps us quickly identify any discrepancies between what you’ve recorded and what the ATO has received from share registries.

Is It Worth It?

For anyone with more than a handful of share or ETF holdings — particularly if you participate in DRPs — we generally find Sharesight pays for itself in both time saved and reduced stress at tax time.

There is a free plan available, but the paid plans unlock the full tax reporting and DRP tracking features that most investors find valuable.

Our Recommendation

If you hold shares or ETFs and want to make tax time smoother (and more accurate), we recommend giving Sharesight a try. Many of our clients who use it say they wish they’d started earlier.

You can sign up at sharesight

Then at tax time you simply send us the reports or better still, invite us to your Sharesight portfolio.