I Inherited a farm in 2017 from my father, it was all purchased by my father pre 1985, If i sell now in 2026. Is there any CGT?
Also if I wanted to gift it to my partner now, would she have a capital gain tax to pay?
As you acquired the farm in 2017 then your period of ownership will be subject to CGT. See below.
Cost base of inherited assets | Australian Taxation Office
If you have been living there since 2017 then the dwelling and up to 2ha of land will likely
be exempt.
Gifting is a disposal of property so you have the CGT consequences, not your partner.
Transferring property to family or friends | Australian Taxation Office
The facts of your situation will determine any CGT. (e.g. is it a working farm? - Small business CGT concessions are available). Best to seek professional tax advice from a local tax accountant experienced in property and CGT.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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