Inherited Property CGT Calculator
Calculate capital gains tax on deceased estate or inherited property. Includes the 2-year main residence exemption and 50% CGT discount.
Property Details
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Get a professional valuation for this date
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Renovations, extensions (not repairs/maintenance)
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Typically 2-3% of sale price
Estimated CGT Liability
Capital Gain$200,000
50% CGT Discount-$100,000
Taxable Amount$100,000
Estimated Tax$37,000
Could you sell within 2 years?
If sold within 2 years of death, you could save $37,000 in CGT. Contact Michael to discuss your timeline options.
Disclaimer: This calculator provides estimates only. CGT on inherited property is complex and depends on many factors including:
- Whether property was pre-CGT (acquired before 20 Sept 1985)
- Period of rental or income-producing use
- Your overall taxable income in the year of sale
- State-specific rules and exemptions
Always consult a tax professional for deceased estate matters.
Need a Date of Death Valuation?
I provide formal property valuations for probate and CGT purposes throughout St George.