𝐇𝐚𝐯𝐞 𝐲𝐨𝐮 𝐬𝐨𝐥𝐝 𝐲𝐨𝐮𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲?

Your accountant will want this information from you:

𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐨𝐟 𝐒𝐚𝐥𝐞:  the front page of the contract at least, but with PDF documents the whole contract would be great.  A signed copy, showing the price and the date of the contract.

𝐀𝐠𝐞𝐧𝐭𝐬 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧: assuming you used the services of a real estate agent to sell, their costs and any marketing & advertising levy they charge you will reduce your capital gain.

𝐀𝐮𝐜𝐭𝐢𝐨𝐧 𝐅𝐞𝐞𝐬: if you sold via an auction, all costs associated will reduce your capital gain.

𝐒𝐨𝐥𝐢𝐜𝐢𝐭𝐨𝐫𝐬 𝐒𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭: when selling the property there are always adjustments for council & water rates paid and maybe strata as well.  This document will list all the adjustments and show the completeness of the sale.

𝐒𝐨𝐥𝐢𝐜𝐢𝐭𝐨𝐫𝐬 𝐈𝐧𝐯𝐨𝐢𝐜𝐞:  your solicitors fees will reduce your capital gain on the property sale.

𝐒𝐭𝐲𝐥𝐢𝐧𝐠 𝐅𝐞𝐞𝐬:  if you styled your property to maximise the sale, these costs will reduce your capital gain.

𝐃𝐞𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭:  hopefully your accountant already has this report, as they have prepared prior years tax returns.  There are adjustments for building depreciation and other depreciation items which will affect your capital gain.

The capital gain is taxable to the owners.  For multiple owners, their ownership percentage share will be assessed to them separately.