Pre 1999 Capital Gain

Linda Saunders

• 17 July 2026 00:56

Where there is a nil cost for shares purchased pre Sept 1999 and there is a capital return, the software is incorrectly calculating an indexed gain.

As there is a nil cost base – the only capital gain tax treatment is to apply the discount method – particularly as there are no carried forward losses.

In any event, the indexation has been incorrectly applied to the proceeds (rather than the cost base) increasing the capital gain!

The Accounting capital gain is correctly calculated as $8,639.14, but after incorrectly calculating and applying the indexation method - the Taxable gain is $9,504.94 (with no discount available to the majority of the holdings).

It is very annoying that the summary does not show the individual units or cost.

I agree with the accounting treatment of the gain, but want to correct the tax treatment from indexed to discounted gain.

Ho do I fix this?

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  Andre Jones

  • 17 July 2026 02:08

  Hi Linda,
  Thank you for reaching out and providing a detailed breakdown.

  The tax treatment issue you've described, the indexed gain applied to nil-cost-base parcels, with indexation appearing to affect proceeds rather than the cost base, will need further investigation. To better understand what is going on here, I've logged a support ticket on your behalf. 

  Regarding the summary report not showing individual units or cost per parcel, this is great feedback. You're welcome to submit this through the Feedback icon in Simple Fund 360, ensuring it reaches the right team.

  More info here: Log a Support Call, Help and Feedback

  Thanks again for taking the time to explain this in such detail.

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