US shares · Australian tax
Track US shares for Australian tax
Hold US or global shares? Metrifly converts foreign income to AUD, separates currency gain from market gain, tracks the foreign income tax offset (FITO), and reports CGT with the 50% discount — ready for your Australian return.
Free forever · No credit card required
A US dividend, in AUD
US dividend
US$100
In AUD
≈ A$152
@ 0.66 USD/AUD
US withholding
US$15
15% treaty rate
FITO credit
≈ A$23
What you get
Foreign shares, Australian tax handled
Everything an Australian investor with US or global holdings needs at tax time — in one portfolio, in AUD.
Foreign income in AUD
Dividends and sales in USD and other currencies are converted at end-of-day exchange rates, so every figure on your return is in Australian dollars.
Currency gain, separated
Metrifly splits the FX component of your return from the underlying market move, so you can see how much of a result came from the Australian dollar.
FITO & withholding tracked
Foreign withholding tax — like the 15% US treaty rate on dividends — is tracked and carried toward your foreign income tax offset (FITO) at tax time.
CGT with the 50% discount
Capital gains on US and global shares are calculated at the parcel level, with the 50% discount applied automatically to assets held over 12 months.
Currency, made clear
Market gain vs currency gain
A rising US position can still cost you in AUD — or gain you more than the share price moved. Metrifly reports market gain and currency gain side by side, alongside your ASX holdings.
- End-of-day exchange rates applied to every transaction
- FX gain reported separately from market gain
- Foreign income converted to AUD with withholding tracked for FITO
- US, global and ASX holdings in one AUD-valued portfolio
Return breakdown (AUD)
Market gain
+A$1,200
Currency (FX) gain
+A$340
Total return
+A$1,540
FAQ
US shares & Australian tax
Does Metrifly handle US shares for Australian tax?
Yes. US and other foreign holdings are converted to AUD at end-of-day exchange rates, capital gains are calculated with the 50% CGT discount for assets held over 12 months, and foreign income plus withholding tax is tracked toward your foreign income tax offset (FITO).
What is the foreign income tax offset (FITO)?
When you pay tax overseas on foreign income — such as the 15% US withholding on dividends — you may be able to claim a foreign income tax offset so the same income isn't taxed twice. Metrifly tracks the foreign tax withheld so the figure is ready at tax time. Eligibility rules apply, so confirm with a registered tax agent.
Does Metrifly separate currency gain from market gain?
Yes. For multi-currency holdings, Metrifly reports the FX component of your return separately from the underlying market movement, so you can see how much of a result came from the Australian dollar.
Can I track US and Australian shares in one portfolio?
Yes. ASX, US and other global holdings sit in the same portfolio, all valued in AUD, with tax reporting that handles franking credits on Australian dividends and FITO on foreign income.
Keep exploring
More for Australian investors
US and global shares, one tax return
Track US, global and ASX holdings in one AUD portfolio, with CGT, franking credits and FITO handled. Free to start — no credit card required.
Free forever · No credit card required