I’ve sold an investment property I owned in my personal name and it should result in me owing some tax. When the CGT is worked out, is it added to my ITA or ICA balance?
I want to make small weekly payments to that account to get ahead before I lodge my next return and lower the balance of the payment plan I’ll use to pay the CGT debt.
also, is there any issue with me making payments in advance as per above?
Hi @MDJ1991,
When you sell an investment property, any CGT you owe becomes part of your overall income tax liability. This gets added to your income tax account (ITA) balance, not a separate CGT account.
You report your capital gain or loss in your tax return, and it's included in your total taxable income.
There's no issue with making advance payments to your account. In fact, this can help you get ahead and reduce any future payment plan balance. You can make payments through your online services anytime.
Check out our guide to CGT and property for more info on how CGT works.
Hi @MDJ1991,
When you sell an investment property, any CGT you owe becomes part of your overall income tax liability. This gets added to your income tax account (ITA) balance, not a separate CGT account.
You report your capital gain or loss in your tax return, and it's included in your total taxable income.
There's no issue with making advance payments to your account. In fact, this can help you get ahead and reduce any future payment plan balance. You can make payments through your online services anytime.
Check out our guide to CGT and property for more info on how CGT works.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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