What counts as a CGT event
OpenFolio calculates capital gains from disposals recorded in your trade and crypto history. A disposal can include selling shares or ETFs, selling crypto, swapping one crypto asset for another, or otherwise ceasing to own an asset. For each disposal, OpenFolio compares proceeds with the relevant cost base to estimate the capital gain or loss.
The cost base is built from your acquisition records and can include amounts such as brokerage or fees where those are present in the imported data. This is why complete history matters: a sale can only be matched accurately when the earlier buy parcels are available.
Discounts, methods and losses
For Australian resident individuals, a capital gain may be eligible for the 50% CGT discount when the asset has been held for at least 12 months. OpenFolio checks the holding period at parcel level before applying discount treatment in the tax view.
When you hold multiple parcels of the same asset, disposal ordering affects the result. OpenFolio supports FIFO, LIFO and minimise-gains views so you can compare how parcel selection changes realised gains. Capital losses are applied against capital gains before discounting, and unused net capital losses carry forward to offset future capital gains rather than ordinary income.
Use CGT reports as working papers
OpenFolio is designed to organise records and estimates for review. Before lodging, reconcile the results against broker statements, dividend statements, exchange exports and any advice from your registered tax agent.
Open the Australian CGT calculator