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

Was this the deceased's main residence (primary home)?

Time since death to sale

Property Value at Date of Death

Get a professional valuation for this date

Expected/Actual Sale Price

Capital Improvements (since inheritance)

Renovations, extensions (not repairs/maintenance)

Selling Costs (agent, legal, marketing)

Typically 2-3% of sale price

Your Marginal Tax Rate

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.

Request Free Appraisal Call 0411 818 171

Related Resources

Probate Guide for Executors

Complete guide to selling deceased estates in St George

CGT Guide for Investors

Understanding capital gains tax on property sales

Executor's Checklist

Downloadable guide for managing deceased estates

Probate & CGT FAQs

Understanding capital gains tax on inherited property in Australia.

There is no CGT at the time of inheriting the property. However, CGT applies when you eventually sell the property. The cost base depends on when the deceased acquired the property and how it was used. If the deceased bought before 20 September 1985, your cost base is the market value at the date of death. If bought after that date, you inherit their original cost base.