To calculate capital gains or losses accurately your can mark any asset as sold in part of full from the overview tab. Simply navigate to the Trades tab and click on the Sell button.
Then just complete the fields in the sell popup as per your sale.
Units sold (Qty) - Enter the number of units you have sold
Sell price/unit - Enter the sale price of each unit in Australian dollars (AUD)
Trading fee - Enter the total amount of any brokerage of trading fees charged
Date of sell - Enter the date the sale was executed
Substantiation is important to keep the ATO happy, so make sure you attach a copy of your SELL statement or any other receipt or documentation that's applicable.
From this information we will calculate your capital gain/(loss) and net capital gain/(loss) and display the sale on the sold tab.
What if you make a mistake?
If you make a mistake go to the Trades tab and find the right sale, you then have two options. You can select the pencil icon on the right hand side to edit any details, or alternatively you can select the bin icon which will delete the sale.
What's the difference between capital gain/(loss) and net capital gain/(loss)?
Great question, the 'Capital Gain/(Loss)' amount is the gross capital gain/loss excluding any losses or discounts.
The 'Net Capital Gain/(Loss)' amount is the adjusted capital gain/loss including any discounts (ie. the 50% CGT discount if held for more than 12 months) but excluding any losses.
Where can I see my net capital gain/(loss) amount including losses, discounts and concessions?
From a tax perspective, losses must be applied before any discounts. So to see your total CGT position including applied losses, concessions and discounts select the 'Open CGT Report' button. This report will provide a live net capital gain or loss amount for all assets held in your individual name as reported in your tax summary.
You can also view your CGT report by heading to the Reports tab in the left-hand menu and in the Tax Summary section.
Select here to read more about how the CGT Report works.