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8y 0m
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Gross Capital Gain
$223,000.00
Taxable Gain
$0.00
Estimated Tax
$0.00
Net Proceeds
$875,000.00
What is the main residence exemption?
If you sell a property that has been your main home, you usually do not pay any capital gains tax on the profit. This is called the main residence exemption. It covers the entire time the property was your home. If you lived in it for the whole time you owned it, the full gain is tax-free.
How does the 50% CGT discount work?
If you hold a property for more than 12 months before selling, you only pay tax on half of the capital gain. For example, if your taxable gain is $100,000 after exemptions, you only include $50,000 in your tax return. This discount is available to individuals and trusts, but not companies. From 1 July 2027 it only applies to growth in value up to 30 June 2027 (see the note below).
What is the 6-year absence rule?
If you move out of your main home and rent it out, you can still treat it as your main residence for up to 6 years. This means you keep the main residence exemption during that time. But you can only claim one property as your main residence at a time. If you buy a new home, you must choose which one to claim.
Capital gains tax: the 50% discount is being replaced. Growth in value up to 30 June 2027 still gets the 50% discount when you sell. Growth after that gets indexation instead (your cost is raised in line with inflation), and individuals pay at least 30% tax on that part of the gain. Eligible new builds can keep the 50% discount, and your own home is still exempt. This calculator assumes you sell before 1 July 2027. If you sell later your tax will be different, so get a valuation as at 1 July 2027 and advice.
ATO-Aligned: Uses 2026-27 tax rates. Capital gains tax can be complex -- this calculator provides estimates only. Seek professional advice for partial exemptions, inherited property, or foreign resident scenarios.
Disclaimer: This calculator provides estimates based on current ATO rates and thresholds for the 2026–27 financial year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your individual circumstances. Always consult a qualified tax agent before making financial decisions. Read our terms
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