Inherited Property CGT Calculator

Calculate capital gains tax on inherited property with the 2-year main residence exemption rule

Inheritance & Sale Details

Date of Death

Inheritance Date

Date you received legal ownership (e.g. grant of probate)

Deceased's Cost Base

Original purchase price paid by the deceased

Improvements After Inheritance

Capital improvements made after inheriting (e.g. renovations)

Sale Date

Sale Price

❌ Not Eligible

Sale is after the 2-year deadline of 15 January 2026. The main residence exemption does not apply. CGT will be calculated on the capital gain.

Property held for 776 days from date of death

Deceased's Cost Base$500,000

Improvements After Inheritance+$0

Applicable Cost Base$500,000

Sale Price$900,000

Less: Applicable Cost Base-$500,000

Capital Gain$400,000

50% CGT Discount (held >12 months)-$200,000

Estimated Taxable Capital Gain$200,000

Based on your marginal tax rate:

At 32.5% marginal rate$65,000

At 37% marginal rate$74,000

At 45% marginal rate$90,000

This calculator provides estimates only and is not a substitute for professional tax advice.
CGT on inherited property is complex. The deceased's ownership history, property usage, and your personal tax situation all affect the outcome.
Always consult a qualified accountant or tax adviser before making decisions about selling inherited property.
The 2-year exemption only applies if the property was the deceased's main residence. Investment properties are not eligible.

I specialise in helping executors and beneficiaries sell inherited properties in the St George area with care and professionalism.