Not Quite. — Calculator

The property

What you paid for it plus stamp duty and legal

Value when you first rented it the s118-192 date

Years rented so far

What it's worth now

Your tax rate %

You lived in it as your main residence first This is what unlocks both the six-year rule and the cost base reset. If you never lived there, neither applies.

You'll be a foreign resident when you sell Tick this only if it's true. It can remove the exemption entirely — chapter 9.

If you keep holding

Growth from here % a year

Inflation %

Rented for	Sells for	Taxable	CGT

What you'd pay

—

Capital gains tax if you sold today

—

Saved by the six-year rule

—

Growth removed by the reset

—

Years of exemption left

—

Taxable portion

The same sale, three ways

The old rules are shown for comparison only — they no longer apply to disposals from 1 July 2027.

Where the gain went

Green is growth the reset removed permanently. Orange is what actually counts. Grey is the part the six-year rule exempts.

Before you rely on this. This is arithmetic, not advice. Capital gains tax on property turns on dates, valuations, which property you nominated and your residency at the time of sale. The 2026 measures are law but the draft legislation for the 1 July 2027 changes had not been released at the time of writing, so the interaction with the main residence provisions may differ once enacted. Take the questions in Appendix B to a registered tax agent.