calculate CGT on my property

 Author: Taxduck(Taxicorn)Taxicorn

19 June 2025

CGT calculation (assuming you are a tax resident and property on 2 ha or less)

Sale price - cost base = gain x days property not main residence / days of ownership.

See cost base elements

Cost base of assets | Australian Taxation Office

Any capital losses (or carried forward losses) are taken off gain. Discount gain by 50%. Add to other taxable income then taxed at normal marginal rates.

Link provides information

CGT when selling your rental property | Australian Taxation Office

Never a good idea to do this yourself. Best to leave it to a tax professional. Find a good local tax agent who can calculate CGT, prepare and lodge your tax return in year of sale.

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