Why parcels matter

If you buy shares or crypto at different prices over time, each purchase is a separate "parcel" with its own cost basis. When you sell, the ATO needs to know which parcels you sold and at what price — that's how the capital gain (or loss) is calculated.

Finance Frank tracks each parcel separately so when you record a disposal, the right cost basis flows through to your CGT calculation automatically — including the 50% discount for assets held longer than 12 months.

Adding parcels

When you create a Shares or Crypto asset with units and a purchase price, an initial parcel is created automatically using those values.

To add additional parcels later (e.g. if you bought more of the same stock):

1. Open the asset and click Add parcel
2. Enter the purchase date, units, and price per unit
3. The parent asset's total units and average cost basis will update

Recording a disposal

1. Open the asset
2. Click Record disposal (the "sold" button)
3. Enter the disposal date, units sold, and total proceeds (the price you actually received)
4. The system allocates units to parcels (FIFO by default) and computes:
   • Total cost base for the units sold
   • Capital gain or loss
   • Whether the 50%/CGT discount applies (for assets held > 12 months by an individual or trust)
   • The financial year the gain falls in

The gain/loss flows into your Tax position dashboard so you can see your full FY position before EOFY.

What happens to the parent asset

The asset's units and current_value update to reflect the remaining parcels. If you sell every unit, the asset is marked as status='sold' and stops contributing to your net worth (it disappears from the dashboard but stays in your records for tax history).

Capital losses

If a disposal results in a loss, it offsets capital gains in the same year. Unused losses carry forward — Finance Frank tracks the carry-forward balance under Tax → Capital losses.

The 50% CGT discount applies to individuals, trusts, and complying super funds (33% for super) — not to companies. Check your entity's discount eligibility under Settings → Entities.