IMPORTANT NOTICE: The figures presented in this report are generated based on the data you supplied during the calculation process. These values are intended to serve as approximations and are for advisory purposes only. While we make every effort to guarantee the correctness of these outcomes, there is always a possibility for mistakes. It is advised that you independently confirm these results. If you are unsure or require additional clarification, please consult your tax advisor.
Of all the reporting tools in your Navexa account, the taxation reports are among the most powerful.
Provided you’ve uploaded your portfolio information correctly and everything is up to date, the ATO myTax report automatically calculates the amount you’ll need to pay in taxes on your portfolio’s capital gains and income in a given financial year.
It provides all the fields that you’ll find in the myTax form on the ATO portal.
You’ll find this report by clicking Tax Reporting in the top navigation bar, then clicking ATO MyTax.
How to Run the ATO myTax Report
Select the financial year at the top left.
The date range is preset to cover financial years.
Before running the report, check that your tax settings are correct, and that you’re looking at the correct financial year.
👉 Read more about [CGT tax settings].
Once you’ve selected your settings and run the report for the financial year you want to see, you’ll see the following sections:
Capital Gains Summary
This section contains all the information you need for the capital gains portion of your tax.
At the bottom of this section, you’ll see the Capital Gains Tax Breakdown. Clicking this expands to show the full breakdown of your capital gains.
This is especially useful if you have more than AUD $10,000 of gains for a given year, since the ATO requires you to break down the various aspects of your capital gains.
Taxable Income Summary
In this section, all the fields that you are required to input on the myTax form are present.
Export and Save Your Report
We strongly recommend exporting a copy of your ATO myTax report as a PDF or Excel file once it’s generated.
This ensures you always have your records available, even if you lose access to your Navexa account.
⚠️ Important: Access to the ATO myTax report requires an active subscription. If your subscription expires, you may lose access, and your data could be permanently deleted after 10 business days.
How to Export
At the top right of your report, click the Excel or PDF button.
The file will download instantly to your device.
Please note: that Navexa currently only supports tax calculation and reporting for Australian customers. This report is not tax advice. We suggest verifying with an accountant before filing your tax return.