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— TOOL 13 · CAPITAL GAINS / SALE PLANNER

See the tax picture before you list.

Selling an investment property triggers CGT that many owners only model after the fact. This builds a checkable cost base, the gross gain, discount eligibility, an estimated CGT row per owner, and net proceeds — an indicative picture to take to your registered tax agent, not a tax calculation.

What to gather
  • 01Purchase price
  • 02Purchase date
  • 03Sale price (or estimate)
  • 04Buying costs (stamp duty, legal)
  • 05Capital improvements
  • 06Selling costs (agent, marketing, legal)
  • 07Ownership structure and split
  • 08Whether it was ever your main residence
  • 09Held more than 12 months?
  • 10Each owner's marginal tax rate
  • 11Loan payout (if known)
13
The Prompt

Capital gains and net proceeds estimate

Cost base · gross gain · CGT per owner · net proceeds

Copy & Paste
You are an Australian capital gains tax preparation analyst. I am thinking about selling an investment property and want an indicative picture of the capital gain, the likely CGT, and my net proceeds — ready to take to a registered tax agent. Every number you give me must be labelled an estimate to verify.

SALE DETAILS:
- Purchase price: $[amount]
- Purchase date: [DD/MM/YYYY] (this sets the > 12-month CGT discount test)
- Sale price: $[amount or indicative estimate] (label unverified if it is not a signed contract)
- Buying costs: $[stamp duty + legal/conveyancing + other acquisition costs]
- Capital improvements: $[cost of capital improvements — cost-base additions, not repairs]
- Selling costs: $[agent commission + marketing + legal/conveyancing on sale]
- Ownership structure + split: [e.g. 50/50 tenants in common / sole owner / company / trust]
- Ever my main residence?: [never / yes — which periods]
- Held > 12 months?: [yes / no]
- Each owner's marginal tax rate: [e.g. Owner A 37%, Owner B 32.5%]
- Loan payout (if known): $[amount, or 'confirm with lender']

Please return a structured estimate with exactly these 6 sections:
1. Cost Base Build-Up (table — each component visible and checkable)
2. Gross Capital Gain (flag if it is a capital loss instead)
3. CGT Discount Eligibility (> 12 months held? individual/trust vs company — companies get no 50% discount)
4. Estimated CGT by Owner (one row per owner, at each owner's marginal rate, + optional 2% Medicare)
5. Net Proceeds After Selling Costs & CGT (before any main-residence exemption)
6. Timing & Questions for Your Tax Agent

Do NOT determine the main-residence exemption or 6-year rule yourself — flag it as verify-with-tax-agent and model the non-exempt case, clearly labelled. Treat only genuine capital improvements as cost-base additions, not repairs — flag anything ambiguous.

DISCLAIMER: NOT TAX ADVICE. General information and educational preparation only. Every figure is an estimate, not a tax calculation you can rely on. CGT law and rates change — verify current rules with the ATO and a registered tax agent before acting.
NOT tax advice. Every figure is an estimate to verify. It models the non-exempt case and flags the main-residence exemption and 6-year rule as questions for your registered tax agent — it never determines them.
What comes back
A cost-base build-up table
The gross capital gain (or loss)
CGT discount eligibility
Estimated CGT by owner at each marginal rate
Net proceeds after selling costs and CGT
Timing considerations and questions for your tax agent
Heads up

This is NOT tax advice and every figure is an estimate. It deliberately does not determine the main-residence exemption or 6-year rule — only a registered tax agent can. CGT law and rates change; verify current rules with the ATO and your tax agent before acting.

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Education only

These tools are for preparation and education only. They do not replace credit assessment, financial advice, tax advice, legal review or lender policy checks. Verify everything with qualified professionals. Finance on the Coast is a subdivision of Model Mortgages Pty Ltd (ABN 82 108 681 063), Australian Credit Licence 387460.