Capital Gains Tax (CGT) Calculator Australia

About the Capital Gains Tax (CGT) in Australia

Capital Gains Tax (CGT) is applied to the profit you make from selling an asset, such as real estate, shares, or investments. It forms part of your income tax and is not a separate tax. You must report capital gains in your income tax return and pay tax at your marginal tax rate.

How CGT Works

• CGT applies to the gain made between the purchase and sale of an asset.
• If the asset was held for over 12 months, a 50% CGT discount may apply.
• CGT is only payable on net capital gains, not on the total sale value.

What Assets Attract CGT?

Assets that attract CGT include:

• Investment properties
• Shares and managed funds
• Cryptocurrency
• Business assets
• Collectables over a certain value

Exemptions

Common exemptions include:

• Your primary residence (main home exemption)
• Personal-use assets under $10,000
• Depreciating business assets

How to Reduce CGT

• Hold the asset for at least 12 months to claim the 50% discount.
• Deduct eligible costs (e.g. improvements, legal fees).
• Offset capital losses against capital gains.

Disclaimer

This calculator provides an estimate based on simplified assumptions. Actual tax may vary based on your full financial situation and latest ATO rulings. Always consult a licensed tax advisor or refer to the official ATO website.