Australia Capital Gains Tax: Resident vs Non-Resident Rules
Australian residents and non-residents face different capital gains tax (CGT) obligations. This guide explains key differences in tax rates, discount eligibility, and calculation methods.
| Resident | Non-Resident |
|---|---|
| 50% CGT discount for assets held >12 months | No CGT discount available |
| Taxed at marginal income tax rates (up to 47%) | Taxed at flat 30% rate |
| Eligible for private residence exemption | No private residence exemption |
Key CGT Differences
- Resident Tax Rates: Apply your marginal tax rate (19%-47%) plus Medicare levy
- Non-Resident Rate: Flat 30% tax rate with no Medicare levy
- Discount Eligibility: Only residents qualify for the 50% discount on eligible assets
- Foreign Asset Rules: Non-residents must report foreign asset disposals separately
How to Calculate Your CGT
Use our Australia CGT Calculator by entering:
- Sale proceeds
- Cost base (purchase price + costs)
- Asset holding period
- Resident status
Example: A resident selling shares for $50,000 (cost base $30,000) held 18 months would pay tax on ($50k-$30k) × 50% = $10,000 assessable income.
Non-residents pay 30% on full gain ($20,000 in this example). Always consult a tax professional for complex scenarios.