Capital Gains Tax Calculator for Property

Capital gain = sale price minus the cost base (purchase price plus buying and selling costs such as stamp duty, legal fees and agent commission, plus capital improvements, less any capital works deductions you claimed). For an individual who held the property for at least 12 months, half the gain is taxable after the CGT discount, and that amount is added to your taxable income for the year and taxed at your marginal rate.

Individuals and trusts that hold an asset for at least 12 months (not counting the day it was bought or sold) only include half the capital gain in taxable income. Complying super funds get a one-third discount instead, and companies get no discount.

Generally not. Your main residence is usually exempt. A partial exemption can apply if it was also rented out or used to produce income, and the six-year absence rule can extend the exemption after you move out. This calculator is for investment property.

In accumulation phase a fund pays 15% on the gain, reduced by a one-third discount for assets held at least 12 months (an effective 10%). Gains on assets supporting a retirement-phase pension are generally tax free.

No. It gives a simplified estimate. It includes capital improvements and capital works deductions in the cost base, but not every ATO rule, such as a partial main residence exemption, the six-year absence rule or capital losses carried forward. Confirm the figure with a registered tax agent before you sell.