⚠️ Important Notice The figures in this report are generated from the data you have entered into Navexa. They are approximations for advisory purposes only. While we make every effort to ensure accuracy, there is always a possibility of error. You should verify these results independently before lodging your tax return. If you are unsure, please consult your accountant or 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 Capital Gains Tax Report automatically calculates the amount you may need to pay in taxes on your portfolio’s capital gains in a given financial year.
You can access the Capital Gains Tax Report by clicking Tax Reporting in the top navigation bar, then selecting Capital Gains Tax.
How To Run The Capital Gains Tax Report
Select the financial year at the top left.
The date range selection is preset to cover financial years.
Before running the report, check that:
Your tax settings are correct.
You’ve selected the correct financial year.
Once you’ve selected your settings and run the report, you’ll see the following fields:
Non Discountable Capital Gains
Short Term Gains
Capital losses available to offset
Discountable Capital Gains
Long Term Gains
Capital losses available to offset
CGT Concession Amount
Total Capital Gain (for the portfolio, based on the selected year and settings).
Carry Forward Losses
At this time, Navexa does not support recording carry forward losses from previous reporting periods.
These need to be tracked and applied outside of Navexa.
The reason for this is that we cannot know whether you have already used some (or all) of these losses outside of your Navexa account.
If carry forward losses apply to you, please record and apply them independently when completing your tax return.
Important To Know
Navexa doesn’t provide tax advice.
If your account information is accurate and up to date, this report should give you the figures you need to complete your tax return.
You can share the result with your accountant directly from Navexa.
Please note: At this time, Navexa 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.