To kick off our FY27 tax-time series, Dave and Hayden are joined by Navarre Trousselot, founder of Navexa — an investment tracking and tax reporting platform (if you've heard of Sharesight, it plays in the same space). Because here's the thing: most of us agonise over what to buy, then put zero thought into how we sell — and selling is the part where you actually get your money back. As Navarre puts it, too many investors are \"selling in the dark\" and handing the ATO far more than they need to.
In this episode we'll discuss:
💸 How the exact same sale can be a $30 loss or a $20 gain: why choosing which parcels you sell (not just what you sell) can save you thousands in capital gains tax
💸 The ETF tax trap most investors have never heard of: AMIT cost base adjustments, and why ten years of dollar cost averaging leaves you 120 parcels to adjust every single year (get it wrong and you've either overpaid tax or filed incorrectly — hello, audit risk)
💸 FIFO, LIFO, minimise gain, maximise gain and minimise CGT explained — including why everyone's a FIFO milk drinker, but nobody's a LIFO milk drinker
💸 When realising a bigger gain is the smart move: using a maximise gain strategy in a low-income year (career break, slow year for the business) to land in a lower tax bracket
💸 The NAB shares Navarre almost sold as a dud — until he added up the dividends and realised he'd made roughly 40% (why annualised total return beats staring at the share price)
💸 Why ChatGPT can't do your capital gains tax: LLMs still only score around 70% on maths benchmarks, and \"ChatGPT said so\" won't cut it with the ATO
💸 Record-keeping 101 for new investors: keep every contract note and AMMA statement, don't assume your old broker sends your trade history to your new one, and remember foreign dividends (Apple, Tesla and friends) don't prefill with the ATO
Navexa is offering Aussie FIRE listeners 20% off their first year, plus a two-week free trial — head to navexa.com/aussiefire to check it out.
Dave's books on Amazon and Spotify
Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it's appropriate for you. You should also consider seeking professional advice before making any financial decision.
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
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