Portfolio Settings

Portfolio settings control how Metrifly calculates tax obligations and allocates cost basis when you sell shares. Configuring these correctly is important for accurate tax reporting.

Accessing Portfolio Settings

1. Select the portfolio you want to configure from the portfolio dropdown.
2. Navigate to the portfolio page.
3. Click the Settings icon (gear icon) or navigate to Portfolio Settings.

Tax Entity Type

The tax entity type determines which tax rules Metrifly applies when generating reports.

Entity Type	Description	CGT Discount
Individual	Personal investment account	50% discount on assets held >12 months
Company	Corporate investment account	No CGT discount
Trust	Family or discretionary trust	50% discount (distributed to individual beneficiaries)
SMSF	Self-Managed Super Fund	33.33% discount on assets held >12 months

To change the entity type:

1. Open Portfolio Settings.
2. Under Tax Entity Type, select the appropriate option from the dropdown.
3. Click Save.

note

The entity type affects tax report calculations retroactively. If you change it, your existing tax reports will recalculate automatically.

Allocation Method

The allocation method determines which shares are sold first when you record a SELL transaction. This directly impacts your realised capital gains and losses.

Method	How It Works	Best For
FIFO (First In, First Out)	Sells the oldest shares first	Default choice; matches most broker behaviours
LIFO (Last In, First Out)	Sells the most recently purchased shares first	Minimising short-term gains if recent purchases are at a loss
Maximise Gain	Sells the lots that produce the largest gain	Rarely used; may be useful in specific tax planning scenarios
Minimise Gain	Sells the lots that produce the smallest gain	Deferring gains to future tax years
Minimise CGT	Optimises for the lowest Capital Gains Tax liability	Accounts for CGT discount on lots held >12 months

To change the allocation method:

1. Open Portfolio Settings.
2. Under Allocation Method, select your preferred method.
3. Click Save.

tip

If you are unsure, start with FIFO. It is the most commonly used method and matches the default behaviour of most brokers and tax authorities. Consult your accountant if you need a specific method.

warning

Changing the allocation method recalculates all realised gains across your portfolio. Existing SELL transactions will show different gain/loss amounts based on the new method. Review your Capital Gains Report after making changes.

Settings Summary

After configuring your settings, you can verify them on the Portfolio Settings page. The current configuration is displayed at the top of the settings panel.

Related Guides

• Tax Setup -- Full guide to configuring Metrifly for Australian tax reporting
• Capital Gains Report -- Understanding the impact of your allocation method on tax
• Benchmarks -- Add market indices to compare against your portfolio