Carry-forward capital losses can affect the capital gains figures shown in later Navexa Capital Gains Tax reports.

Navexa tracks recorded loss balances so unused losses can move forward into later financial years.

A carry-forward capital loss is a capital loss from an earlier financial year that has not yet been fully applied against capital gains.

For example:

Capital losses move forward through financial years in Navexa. They are not applied backwards to earlier years.

Capital loss balances can come from several places in Navexa.

They may come from:

If you are new to Navexa, you may already have capital losses from before your portfolio history begins. You can enter these so Navexa has the correct starting balance for later reports.

See Add Historical Capital Losses In Navexa for more information.

Current-year capital losses are losses generated from disposals recorded in your Navexa portfolio during that financial year.

For example, if you sell an investment in FY25/26 and the transaction produces a capital loss, Navexa can include that loss in the FY25/26 Capital Gains Tax report.

Current-year losses can be applied against capital gains recorded for the same financial year. Any unused amount can then become available to carry forward into later financial years.

This applies to supported investments as well as Custom Investments where the relevant acquisition and disposal have been recorded in Navexa.

You cannot currently enter an externally calculated current-year capital loss through the Capital Losses page and have it applied against gains in that same financial year.

The manual Add Historical Capital Loss feature is designed for historical or carried-forward losses.

For example, if you have a capital loss from an external asset in FY25/26, adding that amount as a FY25/26 historical loss will not add it to the current-year losses calculated in your FY25/26 CGT report.

If the underlying asset can be tracked in Navexa, you may be able to add it as a Custom Investment instead.

You can then record the relevant acquisition or opening balance and the disposal. Navexa can calculate the resulting gain or loss and include it in the financial year in which the disposal occurred.

Custom Investments can be used for assets such as investment property, private investments, bonds, art and other assets without automatic Navexa pricing.

See Add a Custom Investment for more information.

If you do not record the external asset in Navexa, you will need to consider that externally calculated loss separately when reviewing your complete tax position.

If Navexa asks you to confirm earlier years as lodged, you may see a field for Carried-forward capital losses.

This field is for the capital loss balance available at the start of the selected financial year.

For example, if you are preparing FY25/26, enter the carried-forward loss balance available from your earlier lodged tax records.

Navexa can then use that balance when calculating FY25/26 and later Capital Gains Tax reports.

If you do not have any carried-forward capital losses, enter AUD $0.00 or leave the balance as zero.

See Confirm Earlier Years as Lodged in Navexa for more information.

You can also record historical capital losses from the Capital Losses page.

Use this when a loss comes from an earlier financial year and is not already represented in your Navexa portfolio history.

When adding a historical loss:

A historical loss recorded for one financial year can then become available to later financial years.

For example, a historical loss recorded against FY24/25 can become available to your FY25/26 report.

Do not enter a loss against an earlier financial year simply to make a current-year external loss appear in your current-year report.

See Add Historical Capital Losses In Navexa for more information.

Losses created shows capital losses generated for a financial year from transactions recorded in Navexa.

For example, if a disposal recorded in FY25/26 produces a capital loss, that loss can form part of the FY25/26 current-year capital loss calculation.

If those losses are not fully used in that financial year, the unused amount may become available to carry forward.

Losses applied are available capital losses used against capital gains in a Navexa Capital Gains Tax report.

For example:

Capital losses affect capital gains. They do not reduce ordinary income recorded in Navexa, such as dividends or interest.

Remaining losses are capital losses still available after applicable losses have been used in a financial year.

For example:

The remaining balance can change if you:

Capital losses move forward through financial years, so an incomplete earlier year can affect later reports.

This can happen when:

If you have several years of history in Navexa, review the older years first.

This helps later reports calculate from a more complete starting point.

Locking a financial year saves that year's tax report calculations in Navexa.

Where capital losses are involved, this allows the resulting loss balance to form part of the carry-forward chain into later years.

If you later change trades, income records, AMIT data, historical losses or CGT settings in an affected year, Navexa may indicate that the year needs to be reviewed.

You may need to unlock and re-lock affected financial years so later loss balances are recalculated.

See Lock, Unlock And Re-Lock Financial Years For Tax Reporting In Navexa for more information.

A manually entered historical loss is not treated as a current-year loss generated by the investments in your Navexa portfolio.

For example, manually adding a historical loss against FY25/26 does not add that amount to the current-year losses in the FY25/26 CGT report.

The historical loss becomes available to later financial years.

If the loss relates to an external asset that you can track as a Custom Investment, you can instead record the underlying asset and disposal in Navexa so the resulting loss is included in the correct financial year.

Use these checks if a capital loss balance does not appear as expected.

A carry-forward loss may not appear as applied if:

Check the original loss year and the remaining balance shown in Capital Losses.

A carry-forward balance may be zero because there are no unused losses remaining or because an earlier loss has not yet been recorded.

If you have a carried-forward balance from prior lodged records, check whether it has been entered through Confirm Earlier Years as Lodged or the Capital Losses page.

You can enter historical capital losses from earlier financial years if they are not already represented in Navexa.

Use your lodged tax return, accountant records or other tax records to confirm the amount and relevant financial year before entering the loss.

See Add Historical Capital Losses In Navexa.

Capital losses do not apply backwards in Navexa.

A loss recorded for FY26/27 will not reduce gains in FY25/26.

Historical losses should be recorded against the financial year they relate to so Navexa can carry them forward correctly.

Navexa provides portfolio tracking and tax reporting tools based on the data recorded in your account.

Navexa reports can help you review and organise your investment tax information, but your lodged tax return and tax records remain the source of truth.

Review your records and speak with a registered tax agent if you need advice about your circumstances.

Remember, this is general information, not personal financial advice.