Australian CGT calculator

Estimate your capital gains tax with Sharesight’s CGT calculator.

Purchase price of asset

Sale price of asset

Incidental costs (e.g., brokerage)

Holding period (days)

Marginal tax rate

Tax entity type

Individuals / Trust
CGT Discount: 50%

Self Managed Super Fund
CGT Discount: 33.3%

Company
CGT Discount: 0%

Losses from other asset classes or carry forward loss

Estimated net taxable gains

$490.00


Capital gains	$1,980.00
Taxable gains	$990.00
Net taxable gains	$490.00
Estimated tax payable	$159.25
Purchase price of asset	$8,000.00
Sold price of asset	$10,000.00
Incidental costs	$20.00
Long term	Yes
Marginal tax rate	32.5%
Carry forward loss	$500.00
CGT discount	50%

Incidental costs

Any additional cost incurred as part of buying or holding the asset, such as brokerage fees, spreads or taxes.

Holding period

Enter the holding period to determine if the asset qualifies for short-term (less than 12 months) or long-term (over 12 months) capital gains.

Marginal tax rate

Select the appropriate tax rate based on your total taxable income in accordance with the Australian Taxation Office (ATO) rules.

Carry over losses

Enter any capital losses from the sale of investments from the previous year/s that you wish to use to offset your capital gains tax.

Calculate your capital gains tax with Sharesight

Calculate the CGT on your portfolio (including foreign shares) with Sharesight’s CGT report. You can also model different sales allocation methods for assets in your portfolio, which could potentially help reduce your capital gains tax.

Illustration of Sharesight's capital gains tax report.

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Frequently Asked Questions about CGT and Sharesight

We understand that Capital Gains Tax (CGT) can be complex, especially when dealing with investments like shares. Here are some frequently asked questions to help you understand CGT and how Sharesight can simplify the process:

General CGT Questions

What is Capital Gains Tax (CGT)?

CGT is a tax you pay on the profit (capital gain) you make when you sell or dispose of certain assets, like property or shares. It's the difference between what you paid for the asset (cost base) and what you sold it for. Learn more about what CGT is and how it is calculated in Australia.

What assets are subject to CGT? Are there any exemptions?

Generally, CGT applies to most types of assets, including real estate, shares, managed funds, and cryptocurrencies. However, there are some exemptions. One of the most common exemptions is your primary residence (your main home). See the ATO website for the list of CGT assets and exemptions.

How do I report CGT on my tax return?

You report your capital gains and losses on your annual income tax return. Accurate record-keeping is essential for this. Find tips for how Sharesight can help Australian investors at tax time.

What happens if I make a loss on an asset?

If you sell an asset for less than you bought it for, you have a capital loss. You can use capital losses to offset capital gains in the same financial year or carry them forward to future years. Understand how tax loss selling works.

What is the CGT discount and how does it apply?

If you hold a capital asset for more than 12 months, you may be eligible for a 50% CGT discount (for individuals). This means you only pay tax on 50% of your capital gain. There are other tax settings as well.

How is the cost base of an asset calculated?

The cost base includes the original purchase price of the asset, plus certain other costs associated with acquiring, holding, and disposing of it. These can include things like stamp duty, legal fees and brokerage commissions. Learn more about calculating your cost base.

Can I get professional advice on CGT?

Absolutely. A qualified tax advisor or accountant can provide personalised advice based on your individual circumstances.

Sharesight and CGT

How does Sharesight simplify CGT calculations for shares?

Sharesight automates the entire process. It tracks your share purchases, sales, dividends and other transactions, and automatically calculates your capital gains and losses. This saves you significant time and effort, especially if you have a complex portfolio. See how Sharesight helps Australian investors at tax time.

Does Sharesight handle different CGT calculation methods?

Yes, Sharesight supports various CGT calculation methods, including the First-In, First-Out (FIFO) method, which is commonly used for shares. Explore Sharesight's CGT sales allocation methods.

Can Sharesight track my portfolio across different brokers and platforms?

Yes, Sharesight can import data from a wide range of brokers and platforms. This allows you to consolidate all your investments in one place and get a complete overview of your CGT position. Learn about connecting your brokers to Sharesight.

How does Sharesight account for dividend reinvestment plans (DRPs) in CGT calculations?

Sharesight automatically tracks DRPs and adjusts the cost base of your shares accordingly. This ensures accurate CGT calculations, as DRPs can complicate things if done manually. See how Sharesight tracks DRPs.

Does Sharesight generate CGT reports?

Yes, Sharesight provides comprehensive CGT reports that you can use for tax reporting. These reports summarise your capital gains and losses for the financial year, making tax time much easier. These reports are available in Sharesight’s starter plan and above.

Is Sharesight suitable for investors with complex portfolios?

Definitely. Sharesight is designed to handle complex portfolios with multiple asset classes, including shares, ETFs, managed funds and more. Its automation and reporting features are particularly valuable for active investors. Explore how one couple saves time and money using Sharesight.

*This Capital Gains Tax (CGT) calculator provides only general estimates for informational purposes. It does not constitute professional tax, legal, or financial advice. While efforts are made for accuracy, results may not reflect all factors or current tax laws. The calculator is mainly for basic CGT estimates on common assets and may not suit every situation or asset type. Users should verify the information and not rely solely on this tool for financial decisions. Always consult a tax professional or the Australian Taxation Office for accurate advice. Sharesight is not liable for reliance on the results, and tax laws are subject to change. Personal data entered is not stored or transmitted. For tax calculation purposes, this calculator assumes a long-term capital gains discount of 50% as applicable for individual investors only.