Australian Capital Gains Tax Calculator

Australian Capital Gains Tax Calculator Guide

Our free Australian Capital Gains Tax Calculator helps estimate the potential CGT impact when selling assets such as investment properties, shares, cryptocurrency and other investments.

Capital Gains Tax is not a separate tax. Instead, a net capital gain is generally added to your taxable income and taxed at your marginal tax rate.

What Is Capital Gains Tax (CGT)?

Capital Gains Tax applies when you make a profit from selling or disposing of certain assets. The difference between what you paid for an asset and what you receive when selling it may create a capital gain.

Examples of assets that may be subject to CGT include investment properties, shares, managed funds, cryptocurrency and valuable personal assets.

How To Use The CGT Calculator

Enter the original purchase price, purchase costs, improvements, selling price and selling expenses.

The calculator estimates your capital gain and applies possible capital losses and CGT discounts.

• Purchase price
• Stamp duty and purchase costs
• Renovation and improvement costs
• Selling expenses
• Previous capital losses
• Taxable income

CGT On Investment Property Australia

Investment properties are one of the most common assets affected by Capital Gains Tax in Australia.

When an investment property is sold, the difference between the cost base and the sale proceeds may create a capital gain.

The cost base may include eligible purchase costs, improvements and certain ownership expenses.

CGT Discount 50% Rule

Individuals and some trusts may be eligible for a 50% CGT discount if they have owned an asset for more than 12 months.

Companies generally do not receive the 50% CGT discount.

Superannuation funds may have different CGT rules depending on their circumstances.

Capital Losses And CGT

Capital losses from previous years may reduce capital gains before calculating the final taxable capital gain.

Capital losses cannot normally reduce ordinary income such as salary and wages. They are generally used against capital gains.

Shares And Cryptocurrency CGT

Selling shares or cryptocurrency can create a capital gain or capital loss.

The calculation generally compares the purchase cost with the amount received when the asset is sold.

Keeping accurate records of purchases, sales and transaction costs is important.

Main Residence CGT Exemption

Your main home may be exempt from Capital Gains Tax if it qualifies as your principal residence.

However, situations involving renting out your home, using part of your home for business or owning multiple properties can affect eligibility.

CGT And Tax Planning

Understanding possible CGT before selling an investment can help with financial planning.

Factors that may affect your CGT outcome include ownership period, taxable income, capital losses, deductions and available exemptions.

Frequently Asked Questions

Is Capital Gains Tax separate from income tax?

No. A net capital gain is generally added to your taxable income and taxed at your applicable tax rate.

Do I pay CGT when I buy an investment property?

No. CGT usually applies when you sell or dispose of an asset that has increased in value.

Can I reduce CGT?

Possible ways CGT may be reduced include eligible discounts, exemptions, capital losses and accurate calculation of the cost base.

Does the CGT calculator include all ATO rules?

This calculator provides an estimate only. Your final CGT depends on your complete circumstances and Australian Taxation Office rules.

Is my information stored?

No. Calculations are completed in your browser. Financial Toolkit does not store your financial information.

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Updated for Australian Capital Gains Tax Rules

Financial Toolkit provides free Australian calculators to help people understand tax, investment, salary and personal finance decisions.