Disposing of a property

You can dispose of your property:

  • by selling it
  • by giving it away
  • by way of transfer as the result of a marriage or relationship breakdown in your marriage
  • through compulsory acquisition.


  • When you dispose of your property, you may have to pay capital gains tax.
  • Your capital gain is the difference between your cost base (costs of ownership) and your capital proceeds (what you receive when you sell it).
  • If you have owned your property for more than 12 months, you may be able to reduce your capital gain by the 50% discount.
  • If you transfer the property into someone else's name, you may still have to pay capital gains tax.
    Last modified: 29 Jun 2015QC 18218