Stuck Searching Reddit for EOFY Tax Advice? How to easily complete your FY26 Return | taxtallee Blog

The end of the financial year is tomorrow, 30 June 2026. If you are an Australian stock investor there are some things you need to do.

Stuck searching Reddit for advice on how to handle your CGT or AMIT statements?

Every EOFY, subreddits like r/AusFinance and r/fiaustralia are flooded with the same frantic questions: "What's the best portfolio tracker reddit?", "How do I calculate CGT manually?", "Help with AMIT statement cost base adjustments!"

If you are wrestling with complex Excel spreadsheets, it's time to stop. At taxtallee, we've built the ultimate tool to save you hours of effort and automatically optimise your tax return.

We designed taxtallee to handle the heavy lifting so you can get back to actually investing. Here is how we simplify tax time for Australian investors:

1. Advanced CGT Optimisation (Beyond FIFO)

Most basic trackers only support First-In, First-Out (FIFO) or Last-In, First-Out (LIFO). We give you professional-grade tools. You can model different scenarios to find the best tax outcome using:

Minimise CGT: Our smart algorithm finds the lowest possible tax impact, factoring in the 50% discount.
Maximum Loss / Maximum Gain: Strategically harvest losses or utilise carried-forward losses.
Manual Parcel Allocation: Pick exactly which share parcels to sell for total control over your tax outcomes.

2. The Ultimate AMIT Statement & Dividend Manager

If you invest in ETFs (like Vanguard or Betashares), you know the pain of Annual Tax Statements. Manually typing in 13U, 18H, and AMIT cost base adjustments is a nightmare.

We handle it automatically. With our new Automated AMIT Statement Parsing tool, simply upload your PDF statement and we extract the tax components for you. We flawlessly handle dividends, distributions, and the notoriously tricky AMIT cost base adjustments (which affect your future capital gains).

3. Seamless Broker Imports & Corporate Actions

Getting your data into taxtallee is incredibly easy. We support automated broker imports and user-friendly CSV uploads.

But what really sets us apart is how we handle the messy stuff. Mergers, demergers, return of capital, splits, and reverse splits—our platform understands complex corporate actions and adjusts your cost bases automatically so your CGT reports are perfectly accurate.

Important Reminder: The Budget Changes Have NOT Taken Effect Yet

If you've been reading the news (or Reddit threads), you might be panicking about the Federal Government's recent 2026–27 Budget announcement proposing to scrap the 50% CGT discount.

Take a deep breath: The current rules still apply in full for FY2025–26.

The proposed changes, which introduce CPI indexation and a 30% minimum tax, do not take effect until 1 July 2027. For your tax return right now, the 50% discount is still fully available.

If you want to read more about exactly how to navigate this current financial year, check out our Complete FY2025–26 CGT Guide. And if you want to prepare for the future, read our detailed breakdown on The End of the 50% CGT Discount.

Try Taxtallee Completely Risk-Free

Don't let tax time stress you out. Taxtallee is built specifically for the Australian tax system.

We offer a generous free tier that lets you track up to 10 holdings with full access to our AMIT PDF parser and basic reports.

Need unlimited holdings and manual parcel allocation? We have a free trial that gives you instant access to all Premium features and reports so you can get your FY26 taxes sorted today.

Ready to crush your FY26 tax return?

Close the Reddit tabs, put away the spreadsheets, and let taxtallee calculate your CGT, dividends, and distributions in minutes.

Start Your Free Trial Today →