Capital Gains Tax (CGT) Calculator

Selling a home or property? Depending on your taxable income, you may have to pay Capital Gains Tax on the sale. Use this calculator to find out whether you will have to pay CGT, and how much it could cost you.

Date asset purchased (dd/mm/yyyy) //
Date asset sold (dd/mm/yyyy) //
Sale price $
Current taxable income $
Capital cost of purchase and ownership
Purchase price of asset $
Stamp duty $
Fees for tax advice $
Capital improvements $
Other $
Non-capital cost of purchase and ownership
Land taxes $
Repairs $
Rates $
Insurance premiums $
Other $
Cost of selling
Newspaper advertising $
Online advertising $
Sign board advertising $
Agent's property guide advertising $
Photography $
Agent's commission $
Auction fee $
Legal expenses $
Other $

About Capital Gains Tax (CGT)

CGT is the tax charged on any capital gains that arise from the sale or disposal of any asset bought or acquired after September 1985.
It is not a separate tax in its own right. Rather a ‘net capital gain’ is included in your taxable income and taxed at your marginal tax rate.
The ‘net capital gain’ is reduced by your capital losses for the income year and unapplied capital losses from previous income years.

To calculate your net capital gain subject to tax:
1. Take your total capital gains for the year
2. Deduct: total capital losses (including any net capital losses from the previous years)
3. Deduct: Any CGT discounts or concessions you may be entitled to
4. The total you get is your net capital gain subject to tax

If you carry on a small business, the small business concession may be available to further reduce your capital gain.

For further information:

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