This article explains why ATO reporting only works for AUD-base portfolios in Navexa and how foreign-currency holdings are still tracked correctly.
Why AUD Is Required
ATO reporting in Navexa is only available for portfolios with AUD as the base currency.
If your portfolio uses USD, EUR, GBP, SGD, or another non-AUD base currency, tax reports for the ATO will not be available for that portfolio.
This is because Australian tax reporting must be prepared in AUD.
What This Means
If your portfolio base currency is not AUD, you may see a message telling you that tax reporting is unavailable for that portfolio.
Tax reporting is not available for USD portfolios
This does not mean your holdings are wrong. It means the portfolio was created with a base currency that cannot be used for ATO tax reports.
Reports affected include ATO-focused tax reports such as ATO MyTax, Capital Gains Tax, and Taxable Income.
If You Trade In Other Currencies
You can still track investments that trade in foreign currencies.
For example, if you buy holdings in USD, EUR, GBP, or another currency, Navexa can still record those trades using the currency provided by your broker or exchange.
For Australian tax reporting, Navexa converts the relevant values to AUD so your tax calculations are based on AUD, not the display currency of the holding.
Use The Local View
If you want to view holdings in their original trading currency, use the display currency control on the Portfolio page.
Select Local to view each holding in its local currency.
This is a display setting only. It does not:
change the portfolio’s base currency.
change the portfolio’s tax residency.
make ATO reporting available for a non-AUD portfolio.
Use Local when you want to review holdings in their original currency, but keep in mind that ATO reporting still relies on an AUD-base portfolio. Read How To View Holdings In Local Currency.
Can You Change The Base Currency?
No. A portfolio’s base currency is locked when the portfolio is created.
If you need ATO reporting, your billing account must be in AUD and you’ll need to create a new portfolio with the correct tax residency and base currency during setup.
Renaming a portfolio does not change its base currency or reporting rules.
Common Questions
Why Can I See Holdings In USD But Not Run ATO Reports?
You can view holdings in foreign currencies using Local, but ATO tax reports still require the portfolio itself to be based in AUD.
What Should I Do If I Need ATO Reporting?
Create a portfolio with AUD as the base currency, then use that portfolio for your Australian tax reporting.
Does Local View Change My Tax Reporting Currency?
No. Local only changes how the holdings list is displayed on screen.
Remember, this is general information, not personal financial advice.