Australian CGT exit
calculator.
Estimate Australian CGT exposure on ceasing tax residency. CGT event I1 deems most non-TAP CGT assets disposed at market value on the departure date. Election to defer is available; TAP (real estate, mining rights) remains subject to AU CGT on actual disposal regardless of residency. Indicative only.
CGT event I1 deems most CGT assets disposed at market value on the date residency ends. Enter unrealised gains by asset class.
About CGT event I1.
When you cease to be an Australian tax resident, CGT event I1 deems most CGT assets to be disposed of at market value on the date residency ends. This triggers capital gains tax on unrealised gains.
Taxable Australian Property (TAP) — including Australian real property, mining/quarrying/prospecting rights over Australian land, and certain other interests — is excluded from CGT event I1. TAP remains subject to Australian CGT on actual disposal regardless of residency.
Election to defer non-TAP CGT: you can elect to defer CGT on non-TAP assets until actual disposal. The election is irrevocable and applies asset-by-asset. For most non-TAP assets the deferral is preferable.
The CGT discount (50% reduction for assets held >12 months) generally applies to non-TAP assets disposed by individual taxpayers.
This calculator provides indicative figures only. Real CGT departure analysis requires specialist Australian tax advice covering specific asset facts, holding periods, cost bases, marginal rate variations, and the post-departure non-resident position. The Cornwalls Group (Neo Legal\'s parent, est. 1891) provides coordinated AU + UAE counsel under one engagement.
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