Capital gains tax 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.

Have you owned the asset for more than 12 months?

Yes

Purchase price

Sold price

Current taxable income

Additional options

Cost of purchase

Cost of selling

Or get help from an expert

How much can I borrow?

Extra & lump sum payment calculator

Stamp duty calculator

20+ more mortgage calculators

Save your time and get specialist help to find the best home loan - FREE.

Talk to a home loan specialist

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: https://www.ato.gov.au/general/capital-gains-tax/

What you need to know when buying a tenanted property

23 Feb 2019

Are you occupying the property or are you taking over as the landlord?

Consider these things before you fix your home loan rate