Capital Gains · Deceased Estates
Inherited Property CGT Calculator
Work through the date-of-death cost base, main-residence exemption and estimated taxable gain before selling an inherited property.
Two-year pathwayPartial exemptionDate-of-death cost base
Use market value at death or the deceased’s cost base as indicated by the facts below.
Cost-base and exemption pathway
Awaiting input
Enter sale, cost-base, ownership-day and income details.
What this estimate includes
- Guides the common market-value-at-death versus inherited cost-base pathways.
- Applies capital losses before the individual CGT discount.
- Estimates incremental resident income tax and Medicare levy for the selected year.
Frequently asked questions
Is an inherited property automatically exempt from CGT?
No. A full exemption commonly depends on the deceased’s acquisition and use, and either settlement within two years or qualifying main-residence use until disposal.
What cost base applies to inherited property?
Market value at death can apply where the deceased acquired it before CGT or, for interests passing after 20 August 1996, it was their main residence and was not producing income. Otherwise the deceased’s cost base generally carries over.
How is a partial main-residence exemption estimated?
The capital gain is apportioned using non-main-residence days divided by total relevant ownership days. Exact day counting and ownership-interest rules can require advice.
Tax Accuracy & Sources
Estimate for an Australian resident individual and an interest passing after 20 August 1996. It does not resolve foreign-resident exclusions, testamentary trusts, life interests, probate valuations or every deceased-estate fact pattern.