Work out how much of your home's capital gain is exempt — model its full history of living in it, renting it out, and leaving it vacant.
From 2015-01-01
From 2018-01-01
Until 2026-01-01 (sale date)
Estimated CGT payable
$13,099
81.8% of the ownership period is exempt (3287 of 4018 days).
Stage 1: main residence — fully exempt
2015-01-01 to 2018-01-01 (1096 days) is fully exempt.
Stage 2: rented — partially exempt
2018-01-01 to 2026-01-01 (2922 days): 2191 days exempt under the 6-year absence rule, 731 days taxable beyond it.
Calculated gross capital gain
Sale proceeds ($890,000) minus cost base ($410,000).
$480,000.00
Apportioned the taxable gain
731 taxable days out of 4018 relevant ownership days.
$87,327.03
Applied the 50% CGT discount
Held for 4018 days (12+ months in total).
$43,663.51
Estimated CGT payable
Net taxable gain of $43663.51 taxed at 30%.
$13,099.05