CGT Desk Documentation
Tax & Calculation Disclaimer
Important limits on how CGT Desk calculations and workpapers should be used.
General
CGT Desk is designed as a tax-workpaper and capital-gains calculation application, but jurisdiction-specific rules must be independently validated before production tax-filing use.
United States
The draft engine emphasizes FIFO, holding-period classification, realized disposal workpapers and crypto property-event calculations. Complete production validation remains necessary for wash sales, covered/noncovered reporting, Form 8949 categories, Schedule D mapping, state adjustments and special property rules.
United Kingdom
The draft matching engine supports same-day matching, following 30-day matching and Section 104 pooled cost. Corporate actions, complex reorganizations, company-specific chargeable gains and form-level mappings still require production validation.
Australia
The draft architecture supports FIFO parcel calculations and a held-at-least-12-month flag. Discount ordering, entity eligibility, losses, main-residence rules, small-business concessions, trust/company schedules and other adjustments still require full validation.
Professional review
Do not treat a generated workpaper as an automatic filing determination. Review source transactions, matching, reconciliation differences, valuations and jurisdiction-specific adjustments before filing.