Add a historical capital loss in Navexa when you need to record an earlier-year loss balance that is not already captured in your portfolio history.
When To Add One
A historical capital loss is used when a loss came from an earlier financial year and is not already recorded in Navexa.
You may need to add one if:
you are new to Navexa and imported only part of your historical data
your lodged tax return shows unused capital losses from earlier years
your accountant has confirmed a prior-year capital loss balance
you need Navexa to include an earlier loss balance in future Capital Gains Tax reports
Only enter a historical loss if you have records to support the amount and financial year.
Before You Start
Before adding a historical capital loss, check the financial year the loss belongs to.
Capital losses are carried forward in Navexa from the year they are recorded. They are not applied backwards to earlier financial years.
For example:
A loss recorded in FY24/25 can flow into FY25/26 and later reports.
A loss recorded in FY26/27 will not reduce estimated capital gains in FY25/26.
Use your lodged tax return, accountant records, broker records, or other tax records to confirm the amount and year before entering the loss.
Manually Add A Historical Loss
To add a historical capital loss:
Open Tax Reporting from the left-hand menu.
Select Capital Losses.
Select Add Historical Capital Loss.
Choose the financial year the loss was made or recorded.
Enter the capital loss amount.
Add a note if you want to record where the figure came from.
Select Save.
After saving, Navexa can include the recorded loss balance when calculating later Capital Gains Tax reports.
Choose The Right Year
Choosing the correct financial year is the most important part of adding a historical capital loss.
Select the year the loss was made or recorded, not the year you want the loss to appear in.
For example, if you made a capital loss in FY24/25 and want it to be available in FY25/26, record the loss against FY24/25.
If you are entering a carried-forward loss balance from your last lodged tax return, use the year that matches the records you are relying on.
How Losses Affect Reports
Historical capital losses can affect future Navexa Capital Gains Tax reports when those losses are available to apply against recorded capital gains.
Depending on your portfolio data, Navexa may show:
losses created in a financial year
losses applied against capital gains
remaining losses available to carry forward
estimated net capital gain after available losses are applied
Losses applied in Navexa reduce the capital gains shown in the Capital Gains Tax report. They do not reduce ordinary income recorded in Navexa, such as dividends or interest. They also do not reduce personal income outside Navexa, such as salary.
Confirm Earlier Years
You may also see a carried-forward loss field when using Confirm Earlier Years As Lodged on the Tax Overview page.
That flow is useful when you are preparing a specific financial year and Navexa asks you to confirm the historical starting point for that year.
The Capital Losses area is useful when you want to manage historical loss records directly.
Both flows rely on the same principle: the loss should be recorded from the correct year so it can flow into later reports.
Edit Or Review Losses
After adding a historical capital loss, review the Capital Losses area to confirm the record appears in the expected financial year.
If the loss balance does not appear as expected in a later report, check:
the financial year selected for the loss
whether the selected report year is after the loss year
whether there are eligible capital gains recorded in that report year
whether earlier financial years are complete, confirmed, or locked
whether any holding issues are affecting CGT calculations
If you entered the loss in the wrong year, update or remove the incorrect record and add it to the correct financial year.
Common Issues
Why Is My Loss Not Showing?
A historical loss may not show in the report you expect if it was entered in a later financial year, if there are no eligible capital gains recorded, or if the report year is before the loss year.
Check the year attached to the loss record first.
Why Is My Loss Not Applied?
A loss may be recorded but not applied if there are no eligible capital gains for Navexa to offset in that financial year.
The loss may remain available to carry forward into later years.
Can I Enter A Balance From My Tax Return?
You can enter a prior-year loss balance from lodged tax records if that balance is not already recorded in Navexa.
Use your lodged tax return, accountant-confirmed records, or other tax records to confirm the amount before entering it.
Can I Add Losses After Locking?
You may be able to add or update loss records after a financial year has been locked, but the affected year may need review.
If the change affects a locked year or later-year reports, Navexa may require you to unlock or re-lock the relevant financial years.
Important
Navexa provides portfolio tracking and tax reporting tools based on the data recorded in your account. Navexa reports are designed to 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.