Easily estimate your short-term and long-term capital gains tax. Use this tool to calculate taxes on assets, including stocks, crypto, real estate, and more.
A comprehensive guide to calculating capital gains tax in australia. Follow these steps to estimate your tax obligations accurately.
In Australia, CGT applies differently based on the holding period. Follow these steps:
To estimate your gain:
If you've held your assets for over 12 months, you're eligible for a 50% discount on your taxable gain.
Scenario: You bought assets for AUD 2,000 and sold them for AUD 5,000 within 10 months.
Scenario: You bought assets for AUD 5,000 and sold them for AUD 10,000 after 2 years.
Find answers to common questions about calculating capital gains tax in australia.
If you've held an asset for more than 12 months before selling it, you're eligible for a 50% discount on your taxable capital gain. This means only half of your gain will be subject to tax.
The calculator adds your taxable capital gains to your other income to determine your total taxable income. It then applies the appropriate rates based on the Australian tax brackets for 2024.
No, our tool does not support indexation benefits for long-term gains. It applies a flat 30% tax rate on the full gain.