This is a FREE calculator currently in testing. While we have tested it extensively against our internal calculations, it is still under development and may contain errors.
📋 Verification Required
All calculations must be reviewed before submission. Please verify the results against your own records and consider consulting with a qualified accountant or tax professional.
⚖️ Disclaimer
We are not responsible for the accuracy of the calculations produced by this calculator. We accept no liability for any errors or omissions in the results.
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Found an issue? Please help us improve by emailing ankit@acebiz.com.au with details of any calculation errors or discrepancies you discover.
💱 USD Currency Conversions
For USD transactions, the ATO prefers using RBA (Reserve Bank of Australia) rates or ATO rates. View historical rates at RBA Historical Data.
Calculating capital gains...
Gross Capital Gains
$0.00
Taxable Capital Gains
$0.00
Total Capital Losses
$0.00
Net Taxable Gain/Loss
$0.00
CGT Discount Applied
$0.00
Transactions Processed
0
🇦🇺 Australian Tax Return Summary (ATO Method)
Total capital gains (before any adjustments):
$0.00
- Discountable gains (held >12 months):
$0.00
- Non-discountable gains (held <12 months):
$0.00
Total capital losses:
$0.00
- Losses applied to non-discountable gains:
$0.00
- Losses applied to discountable gains:
$0.00
Net gains after losses (before discount):
$0.00
CGT discount applied (50% on remaining discountable gains):
$0.00
Net capital gain/loss for tax return:
$0.00
* ATO Method: Losses are applied BEFORE the CGT discount
* Losses are applied to non-discountable gains first, then to discountable gains
* Enter the "Net capital gain/loss" amount in your Australian tax return
* If negative, this represents a capital loss that can be carried forward to future years
