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.