When you enter capital gains from a trust or ETF, you might notice they sometimes appear in both the Capital Gains Tax report and the Taxable Income report, while other times they only appear in Capital Gains Tax. This is correct and reflects ATO reporting rules.
Capital Gains – Other Method
These are reported only in the Capital Gains Tax Report.
They don’t appear under Trust Income.
Example: If your AMIT statement shows $100 under Other Method, you’ll only see it in the CGT report.
Capital Gains – Discounted Method
These are reported in the Capital Gains Tax Report and the Taxable Income Report > Trust Income section.
This is because the ATO requires both the grossed-up amount and the 50% concession to be disclosed.
Example: If your AMIT statement shows $100 under Discounted Method, Navexa will show $200 grossed up, apply the $100 concession, and also display the figure under Trust Income.
Why This Matters
You’re not losing or double-counting gains.
The total net capital gain remains the same either way.
The difference is simply that Discounted gains must be shown in both places for correct disclosure.
Summary:
Other Method = Capital Gains Tax Report only.
Discounted Method = Capital Gains Tax Report and Trust Income.
This may feel a little unusual, but it’s consistent with ATO requirements and ensures your reports line up correctly with your AMIT statement.