Property Tax Calculator Australia

Property-related tax treatment can depend on the type of property, how it is used and the circumstances surrounding the property. Costs connected with buying, owning, improving or selling property may also be relevant when working out the applicable tax treatment.

Property Costs and Tax

Certain costs associated with acquiring, owning and selling a property may be relevant when determining the property's cost base for CGT purposes.

Eligible acquisition costs, certain ownership or improvement expenses, and costs directly related to selling the property may be included in the cost base. These expenses can affect the resulting capital gain.

Property and Australian Tax

Capital gains tax can apply to real estate and the sale of house property when a capital gain is made. The CGT treatment can depend on factors including when the property was purchased, when it was sold and how long it was held.

Where a property is used as a residence, an exemption may be available if the relevant requirements are met.

Property Tax and Your Circumstances

The tax treatment of property can vary depending on how the property is used and the circumstances surrounding it. Other income and eligible costs can also affect the amount of tax payable.

Understanding the relevant property costs and tax treatment can help you estimate the potential tax impact associated with your property.

Property Tax Calculator

Enter your property details into the calculator to estimate the relevant amount based on the information supplied.

The calculator includes:

• Land value
• Annual council rates
• State
• NSW
• Victoria
• Queensland

Select your state and enter the property values and annual council rates to use the calculator.