• 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.

    Remember…

    • 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