Frequently Asked Questions about Australia Capital Gains Tax Calculator
Get answers to common questions about calculating capital gains tax in Australia, including residency rules, the 50% discount, and how to calculate your cost base.
Common Questions
- What is the 50% CGT discount? If you held an asset for more than 12 months, you may qualify for a 50% discount on your capital gain if you're an Australian resident.
- How does residency status affect CGT? Non-residents don't receive the 50% discount and may have different reporting requirements. Use our calculator to see how this applies to you.
- What counts as a cost base? This includes purchase price, legal fees, and other costs directly related to acquiring the asset.
| Topic | Key Information |
|---|---|
| Discount eligibility | Assets held >12 months by residents |
| Non-resident rules | No 50% discount applies |
| Cost base components | Price + acquisition costs |