We have had an investment property for 20 years which we have never lived in- With the sale proceeds can we deposit this to our superannuation account to reduce the amount of CGT we will have to pay- We are both over 60 years of age and fully retired
Capital Gains Tax is a bit of a misnomer. There is no actual capital gains "tax." The Capital gains tax event is calculated, then added to normal income and then you are taxed on that income at your normal marginal tax rate. An eligible personal super deduction can be claimed off that income so reducing your tax liability.
It is possible to make personal super contributions and claim a tax deduction. How much can be claimed depends on a number of factors.
Your age, if 67 to 74 you need to meet the work test.
Your total super balance (TSB). If over $500,000 then can only claim up to $27,500 of concessional contributions.
If under $500,000 then you can use unused concessional contribution caps from the previous 5 years.
This link provides information. https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/super/growing-and-keeping-track-of-your-super/caps-limits-and-tax-on-super-contributions/concessional-contributions-cap
Worthwhile getting some expert advice from a tax professional before end of financial year.
Thank you for your prompt reply- my question was more related to a contribution to our super from sale proceeds of an investment property and if this would reduce Capital gains tax- Thanks again
21 May 2026 · 4 min read time
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