CGT Interactive Calculator
Results
Capital Gain
$0.00
CGT Payable
$0.00
Data Source and Methodology
All calculations are based on the guidelines provided by the Australian Taxation Office (ATO). Learn more.
The Formula Explained
Capital Gain: Capital Gain = Sale Price - Cost Base
CGT Payable: CGT = Capital Gain × Tax Rate (apply discounts if eligible)
Glossary of Terms
- Sale Price: The price at which the asset was sold.
- Cost Base: The original cost of the asset plus any additional costs.
- Capital Gain: The profit made from selling the asset.
- CGT Payable: The tax owed on the capital gain.
FAQs
What is Capital Gains Tax?
Capital Gains Tax (CGT) is a tax on the profit made from selling an asset or investment.
How is CGT calculated in Australia?
CGT is calculated based on the difference between the asset's sale price and its cost base, with possible discounts applied.
Formula (LaTeX) + variables + units
This section shows the formulas used by the calculator engine, plus variable definitions and units.
Formula (extracted LaTeX)
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Formula (extracted LaTeX)
\[{capitalGain.toFixed(2)}`; document.getElementById('cgt-payable').textContent = `\]
{capitalGain.toFixed(2)}`; document.getElementById('cgt-payable').textContent = `
Formula (extracted text)
Capital Gain: Capital Gain = Sale Price - Cost Base CGT Payable: CGT = Capital Gain × Tax Rate (apply discounts if eligible)
Variables and units
- T = property tax (annual or monthly depending on input) (currency)
Sources (authoritative):
- Learn more — ato.gov.au · Accessed 2026-01-19
https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/calculating-your-cgt/how-to-calculate-your-cgt
Changelog
Version: 0.1.0-draft
Last code update: 2026-01-19
Last code update: 2026-01-19
0.1.0-draft · 2026-01-19
- Initial audit spec draft generated from HTML extraction (review required).
- Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
- Confirm sources are authoritative and relevant to the calculator methodology.