CGT

Capital Gains Tax

Federal tax on the profit when you sell an asset — your main residence is exempt under the PPR exemption.

Capital Gains Tax is a federal tax administered by the ATO on the profit from selling a CGT asset. Your principal place of residence is fully exempt under the main residence exemption. Investment property is taxable but gets a 50% CGT discount if held for over 12 months (for individuals and trusts, not companies). The "six-year rule" allows former main residences to retain CGT exemption while rented out for up to 6 years.