Calculating capital gains and losses for property, shares, cryptocurrencies and other assets can be time consuming, confusing and expensive, so we've created a clever CGT Report to take care of CGT for any asset sold with the press of a button.

Whenever you sell a property, shares, cyrpto or any other asset that was held in your name we will calculate the gross capital gain or loss and display it in the transaction section of the CGT report. We separate the assets by tank, meaning you will see share, crypto and other asset sales on the 'Holdings' tab and property sales on the 'Property' tab.

What does 'gross capital gains or losses mean? By gross capital gain or losses we mean the CGT amount before any losses, concessions or discounts are applied.

By default we will display sale transaction 'held in my name' because only these sales will be included in the report summary section to calculate the capital gains or losses to be included in your individual tax return. However, to see sales held in other entities simply select the 'Held in other entities' option from the dropdown.

After we calculate the gross capital gain or losses from the sale transactions we report them in the Report Summary to accurately calculate your net CGT. There are three (3) steps which are displayed in three (3) separate sections if the Report Summary.

Step 1 - Calculate your current year capital gains. Here we exclude any except assets and separate your remaining sales into two categories (ie. those held for more than 12 months and those held for less than 12 months).

Step 2 - Apply and current or prior year losses. Before any discounts can be applied we must apply any current year losses, and then prior year losses in order. To minimise CGT we apply losses to assets held for less than 12 months first.

Step 3 - Apply any discounts. In this section we show the capital loss amount after losses, and split this amounts into two categories (ie. the remaining amount after losses with no concessions or discounts because they were held for less than 12 months, and the remaining amount eligible for the 50% discount).

The result is the current year Net Capital Gain/(loss) after concessions and discounts which is displayed in blue. If this amount is a capital gain, its reported in Item 18 (Capital Gains) in the tax summary.

Yes, from the 'Export' button you have two two options. You can export the report in a PDF which will include both the transactions and report summary section.

Alternatively you can export the transactions only in excel.