Getting tax ready in Navexa means checking that the selected financial year has enough complete and reviewed portfolio data for tax reporting.
What Tax Ready Means
Tax ready means your Navexa records are ready to review for the financial year you are preparing.
It does not mean:
Navexa has lodged your tax return
Navexa has checked your full personal tax position
your accountant or tax agent no longer needs to review your records
every figure is guaranteed to match your lodged tax return
Navexa provides tax reporting tools based on the trades, income, settings, and records in your portfolio.
Start In Tax Overview
The Tax Overview page is the main place to get tax ready.
To open it:
Select the portfolio you want to review.
Open Tax Reporting from the left-hand menu.
Select Overview.
Choose the financial year you want to prepare.
Make sure the correct financial year is selected. After 1 July, Navexa may open on the new current financial year. If you are preparing last year’s tax return, select the previous financial year from the dropdown.
For example, if Navexa opens on FY26/27 but you are preparing FY25/26, select FY25/26 before reviewing the page.
Use The Finalise FY Checklist
The Finalise FY checklist shows the items Navexa wants you to review before relying on that financial year’s reports.
The checklist may include:
Missing AMIT statements for ETFs, managed funds, or trusts.
Unconfirmed dividends that need review.
Holdings needing attention because trade history or holding data may be incomplete.
Confirm your earlier years as lodged where prior-year history affects the selected year.
Select Review, Fix, Enter AMIT, or Confirm beside each item to open the relevant workflow.
You can still open reports before all checklist items are resolved. However, unresolved items may make reports incomplete or less accurate.
Check Your Portfolio Data
Before relying on tax reports, check that your portfolio data is complete for the selected financial year.
Review:
buy and sell trades
brokerage and fees
dividend and distribution records
AMIT or annual tax statement records
foreign income and withholding records
transfers, mergers, splits, or other adjustments
any holdings flagged as needing attention
If a holding needs attention, review its trade history. For example, a sell trade without enough earlier buy history can affect cost base and capital gains calculations.
Review AMIT Statements
If you hold ETFs, managed funds, or trusts, Navexa may ask for AMIT or annual tax statement details.
These records may include tax components that are not fully captured by normal dividend or distribution records.
You can usually find AMIT or annual tax statements through your share registry, broker, fund provider portal, or email inbox.
If you are new to Navexa and imported several years of history, you may need to enter AMIT statements for multiple previous financial years.
Confirm Dividends
Unconfirmed dividends are income records that need review before they are treated as final for tax reporting.
Check details such as:
payment date
ex-dividend date
gross amount
franking credits
net amount
reinvested amount, if relevant
Once the dividend details are correct, confirm the records.
Review Earlier Years
Earlier financial years can affect the year you are preparing.
This can happen through:
cost bases
partial sales
Capital Gains Tax settings
carried-forward capital losses
AMIT or annual tax statement components
If Navexa asks you to Confirm your earlier years as lodged, review the carried-forward loss balance and the method used on earlier relevant sales.
If your portfolio has several years of history, start with older years and work forward. This helps later years calculate from a more complete starting point.
Check Tax Settings
Before using the reports, check that the Capital Gains Tax settings match how you want Navexa to calculate gains and losses.
You can access these settings from the Tax Overview page using Edit CGT settings, or through the relevant Capital Gains Tax settings area.
If you use a specific tax method or parcel selection approach, make sure the settings match your records before relying on the report.
Open Your Reports
Once the checklist items have been reviewed, open the reports you need from the Reports section.
These may include:
ATO myTax
Capital Gains Tax
Taxable Income
Unrealised Gains
Capital Losses
You can also open related tax planning reports from the left-hand menu, including Portfolio Valuation and Historical Cost.
The reports use the financial year selected on the Tax Overview page.
New Navexa Users
If you are new to Navexa, getting tax ready may involve extra setup.
You may need to:
import or add historical trades
enter opening positions or missing buy trades
confirm older dividends
enter historical AMIT statements
add carried-forward capital losses
confirm earlier years as lodged
review older financial years before the year you are preparing
This is expected when Navexa needs earlier records to calculate later reports.
Existing Navexa Users
If you have maintained your Navexa records throughout the year, getting tax ready is usually faster.
You may only need to:
select the recently ended financial year
review the Finalise FY checklist
enter current-year AMIT statements
confirm dividends
check tax settings
open and review the reports
Before Sharing Reports
Before sharing reports with your accountant or using them for tax preparation, check that:
the correct portfolio is selected
the correct financial year is selected
checklist items have been reviewed
trades and income records are complete
tax settings match your records
reports have been compared with your own records
If something does not match your lodged tax records or accountant-confirmed figures, use those records as the source of truth.
Common Issues
Why Is The Wrong Year Showing?
Navexa may open on the current financial year by default.
If you are preparing the previous financial year, select that year from the dropdown before reviewing checklist items or opening reports.
Why Am I Seeing Old Items?
You may see old items because earlier years can affect later tax reports.
This is common for new users who import historical data, or for portfolios with ETFs, carried-forward losses, partial sales, or incomplete trade history.
Do I Need To Complete Everything?
You should review the checklist before relying on reports.
Some items may not apply to every customer, but unresolved checklist items can affect tax report figures.
Does Tax Ready Mean Lodged?
Tax ready in Navexa does not mean your tax return has been lodged.
It means your Navexa records are in a better position to review, export, or share with your accountant or tax agent.
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.