Instructions: Please fill in the yellow fields and the results will be calculated automatically.
Cost of Land | |
Legal Fees on Purchase | |
Stamp Duty | |
Capital Improvements | |
Other Purchase Costs | |
Total Purchase Costs |
Holding Years | |
Interest Paid | |
Rates | |
Land Taxes | |
Maintenance | |
Other Holding Costs | |
Total Holding Costs |
Agent Commission | |
Advertising Fees | |
Auction Fees | |
Legal Fees on Sale | |
Other Selling Costs | |
Total Selling Costs |
Land Sale Price |
Your Annual Income | |
Tax Payable |
Land Sale Price | |
Less Total Purchase Costs | |
Less Total Holding Costs | |
Less Total Selling Costs | |
= Capital Gain | |
Less 50% Discount | |
= Taxable Capital Gain |
Your Annual Income | |
Add Taxable Capital Gain | |
= New Assessable Income | |
New Tax Payable | |
Less Tax Payable | |
= Capital Gains Tax |
Land Sale Price | |
Less Total Purchase Costs | |
Less Total Holding Costs | |
Less Total Selling Costs | |
Less Capital Gains Tax | |
= Profit |
*Tax Rates Assumptions
Lower Limit | Tax Rate |
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Lower Threshold | Upper Threshold | Rate | Reduced Rate |
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