What is the Sharesight Integration?
Sharesight is a comprehensive portfolio tracking tool that monitors your investments, including stocks, ETFs, and managed funds, across various markets. By linking your Sharesight account, TaxTank can access your portfolio trade details eliminating the need for manual data entry and ensures that your tax calculations are accurate and up-to-date.
This integration brings together Sharesight's robust portfolio tracking with TaxTank's intelligent tax management, making it easier than ever to manage your investments and taxes. Here's how to set up the integration and understand how it works.
How to Integrate Sharesight with TaxTank
Step 1: Connect Your Sharesight Account
Access Integration Settings: In TaxTank, navigate to the Holdings Tank.
Initiate Connection: Select the Integrations tab, then click the Connect to Sharesight button.
Authenticate: You'll be redirected to Sharesight's secure login page. Enter your Sharesight credentials and authorise TaxTank to access your portfolio data. Once done, you will be redirected back to TaxTank.
Step 2: Select & Sync Your Portfolios
Once authentication is complete, you’ll be redirected back to TaxTank. Here’s what happens next:
1. Open “Manage Portfolio.”
After you authorise the Sharesight connection, return to the Integrations tab in TaxTank and click Manage Portfolio.
2. Choose what to share.
Tick the portfolios you want to link with TaxTank.
Specify whether each portfolio is 'held in your name' or 'held in another entity'. Only portfolios 'held in your name' will be included in your Tax Summary.
3. Confirm and let TaxTank do the rest.
Once you save your selections, TaxTank begins syncing with Sharesight.
Initial sync: Takes a few minutes while we pull in your complete trade history to calculate both your CGT and current holding balances.
Notification: You’ll receive an in‑app alert as soon as the trades appear in the Trades tab.
Ongoing updates: TaxTank refreshes your Sharesight data every night, keeping balances and CGT figures current.
Managing Synced Trades in TaxTank
Edit Shared Portfolios Anytime: Need to add or remove a portfolio (or change its ownership tag)? Just return to Integrations › Manage Portfolio, adjust your selections, and TaxTank will resync overnight.
Non-Editable Synced Trades: Once a trade is synced from Sharesight, it cannot be edited or deleted in TaxTank (only in Sharesight) to ensure data integrity.
Removing the Connection: If you remove the Sharesight connection, all synced trades will become editable and deletable in TaxTank.
Benefits of Integrating Sharesight with TaxTank
Eliminate Manual Data Entry: Automatically sync trades, dividends, and distributions.
Accurate Tax Position: Precise holdings balances and CGT calculations across all asset classes, including property and non-listed assets.
Real-Time Insights: Track portfolio performance and tax impact daily.
Holistic Financial View: See how share trading affects other income streams like salary or rental income.
Simplified Tax Reporting: Consolidated data for easier tax time.
Optimise Tax Planning: Make informed decisions on CGT timing and deductions.
Enhanced Collaboration: Share accurate data with your accountant or advisor.
Plan for the Future: Align trading with broader financial goals.
Troubleshooting Integration Issues
Connection Problems: Ensure your Sharesight credentials are correct and that your internet connection is stable.
Data Discrepancies: Read our support article on what to do if Tickers don't match from Sharesight.