Your client’s Capital Gains Tax report shows gains and losses calculated from their recorded portfolio activity and the selected settings. Use its summary and purchase-lot detail together when reviewing your client’s capital gains tax (CGT) position.
Australian tax reports require both an AUD-billed subscription and an AUD-base-currency portfolio. Availability also depends on the client’s plan.
Open the Report
With shared access, select the portfolio and open Tax Reporting → Capital Gains Tax. Select the financial year and check the date range. If you received files, use the report and accompanying information to establish the same scope.
Read the calculated net gain alongside the losses applied and supporting purchase-lot rows.
The report can include Short Term Capital Gains, Long Term Capital Gains and Capital Losses. An export may omit sections without relevant records. See Creating A Capital Gains Tax Report for report controls and exports.
Read the Disposal Detail
A purchase lot, also called a parcel, is a group of units acquired together. One disposal can draw from several lots, producing several report rows.
Column | Meaning |
Symbol | The investment sold. |
Sale Allocation Method | How the sale was matched to purchase lots. |
Purchase Date and Gain Date | The matched acquisition date and recorded disposal date. |
Sold Quantity | Units allocated from that purchase lot. |
Cost Base | The recorded cost allocated to those units, including recorded adjustments. |
Sale Value | The disposal value used in the calculation. |
Gain or Loss | The lot’s result before subsequent loss-offset and discount calculations. |
Repeated symbols and disposal dates are not necessarily duplicate sales. Compare the combined quantity and sale value with the disposal record, then check the matched purchases and costs.
Where relevant, review brokerage, reinvestments, transfers, corporate actions, foreign-currency records and annual fund cost-base adjustments. Missing earlier purchases can affect a correctly recorded sale.
Crypto Disposals and Fees
Use the supplied exchange and wallet histories to check acquisitions, disposals, transfers and fees, requesting only missing records. A crypto fee-disposal row can be separate from the associated transfer: Why Crypto Fees Can Create Capital Gains or Losses in Navexa.
Understand Sale Allocation Settings
Sale allocation determines which purchase lots are matched to a disposal, affecting its calculated gain or loss. Options include FIFO (first in, first out), LIFO (last in, first out), Maximize Gain, Minimize Gain and Minimize CGT. Manual parcel selection is available on eligible plans.
In CGT settings, review the Default Portfolio Sale Allocation Method and Per-Holding Overrides. Portfolio Default means the holding follows the default method. Check the method shown on each disposal row.
Holdings can use different methods. These demonstration settings are not a recommendation.
Assess the appropriate method for the client through your professional review. If a change is needed, the client can make it, or you can save an agreed change with Read & Write access. Generate fresh reports afterwards. See Capital Gains Tax Settings.
Read the Summary
Individual-return concept | Meaning |
Total current year capital gains, associated with 18H | Gains before relevant losses and discounts. |
Net capital gain, associated with 18A | The result after relevant losses, discounts and concessions. |
Net capital losses carried forward | Unused losses for consideration in later years. |
ATO MyTax shows the first two concepts by name even when the label numbers are not printed. None of these figures is tax payable. Apply the requirements for the client’s entity and return year.
Reconcile Losses and Fund Gains
In Carried-forward losses, select View all to review the loss records. Compare opening losses and amounts used with prior returns and working papers. Resolve any earlier-year warning before treating the remaining balance as final. See Carry-Forward Capital Losses In Navexa, or Confirm Earlier Years as Lodged in Navexa if an earlier-year starting point needs confirming.
CGT exports show losses applied but omit the closing remaining-loss balance. Use the live Capital Losses information or supplied loss working papers. If neither provides the balance you need, request it.
Annual fund statements can include capital gains even when the client has not sold their units. Those components are separate from a sale of the units, but can appear in more than one report. Check what is already included before combining figures: Why Capital Gains Can Appear in Both CGT and Taxable Income Reports.
Keep the Final Calculation
Retain the reviewed report, allocation settings, loss reconciliation and relevant source records. Include other assets, losses and client-specific adjustments in your return work as appropriate. For fresh exports and handling corrections, see For Accountants: Work With Report Exports and Supporting Records.
Remember, this is general information, not personal financial advice.