Australian Capital Gains Tax Calculator - CGT Calculator Australia
Use our free Australian capital gains tax calculator to calculate capital gains tax on property, shares, and investments. Our CGT calculator Australia includes CGT discount calculations and tax estimates for Australian capital gains.
Calculate your capital gains tax on shares, property, cryptocurrency, and other assets. Includes CGT discount calculations and tax implications.
CGT Calculator
Include brokerage fees, legal costs, stamp duty, etc.
CGT Calculation Results
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Australian Capital Gains Tax Information
CGT Discount Rules
- • Individuals: 50% discount for assets held 12+ months
- • Super Funds: 33.33% discount for assets held 12+ months
- • Companies: No CGT discount available
- • Trusts: Discount passed through to beneficiaries
Exemptions & Concessions
- • Main Residence: Generally exempt from CGT
- • Small Business: Various concessions available
- • Personal Use Assets: Under $10,000 exempt
- • Collectibles: Special rules apply
Frequently Asked Questions About Capital Gains Tax in Australia
What is capital gains tax (CGT) in Australia?
Capital gains tax (CGT) is a tax on the profit you make when you sell an asset that has increased in value. In Australia, CGT is part of your income tax, not a separate tax. You pay CGT on assets acquired after September 20, 1985. The capital gain is added to your taxable income and taxed at your marginal tax rate. Our capital gains tax calculator helps you estimate your CGT liability based on your asset type, purchase and sale prices, and holding period.
What is the CGT discount and who is eligible?
The CGT discount allows individuals and trusts to reduce their capital gain by 50% if they've held the asset for more than 12 months. This means you only pay tax on half the capital gain. The discount applies to most assets except collectibles, personal use assets, and some other exceptions. Companies don't get the CGT discount. Our calculator automatically applies the discount if you've held the asset for more than 12 months, significantly reducing your tax liability.
Is my main residence exempt from capital gains tax?
Yes, your main residence (your home) is generally exempt from CGT if it's been your primary place of residence for the entire ownership period. However, if you've used part of your home for business, rented it out, or owned it for less than the full period, partial CGT may apply. Investment properties are subject to full CGT. Our calculator includes an option to mark if the property is your main residence to calculate the correct exemption.
How do I calculate capital gains on shares and investments?
To calculate capital gains on shares, subtract the purchase price (plus brokerage and other costs) from the sale price (minus brokerage and costs). If you've held the shares for more than 12 months, you can apply the 50% CGT discount. Keep records of all purchase and sale transactions, including dates and costs. Our capital gains tax calculator handles all these calculations automatically, including the discount and your marginal tax rate.
What costs can I deduct from my capital gain?
You can deduct costs related to acquiring, holding, and disposing of the asset. These include: purchase costs (stamp duty, legal fees, valuation fees), improvement costs (renovations, extensions), holding costs (interest on loans, rates, insurance - for investment properties), and selling costs (agent fees, legal fees, advertising). Our calculator includes a costs field to ensure you're calculating your net capital gain correctly, which reduces your tax liability.
What happens if I have a capital loss?
Capital losses can be used to offset capital gains in the same year or carried forward to future years. You can't deduct capital losses from other income, only from capital gains. If you have more losses than gains in a year, you can carry the excess forward indefinitely. This makes it important to track all your capital gains and losses. Our calculator shows both capital gains and losses, helping you understand your overall CGT position.