Do I have to sell before 1 July 2027 to keep the 50% CGT discount?

No. Growth in value up to 1 July 2027 keeps the 50% discount whenever you sell. Only growth after that date falls under the new rules.

14 Nov 2026

You don't have to sell before July 2027 to keep the tax discount

No. Under the law passed in June 2026, the growth in your property's value up to 1 July 2027 keeps the 50% capital gains tax discount, whenever you sell. Only growth after that date falls under the new rules.

What people are worried about

From 1 July 2027 the 50% capital gains tax discount is replaced. Some owners have heard this as: sell before July, or lose half your discount.

What the law does

Growth in value before 1 July 2027 keeps the 50% discount.
Growth after that date is taxed on the real gain, after inflation, with a minimum tax of 30%.
If you owned the property before 7:30 pm on 12 May 2026, negative gearing on it does not change.

A simple picture

Think of your gain as two buckets. Bucket one is everything your property gained up to 1 July 2027. Bucket two is everything it gains afterwards. The old discount stays on bucket one. The new rules apply to bucket two only.

So should you sell?

That depends on your own numbers: what the property costs you to hold, what it costs to sell, and what you would do with the money. The tax change by itself does not take away the discount on growth you have already made. Our guide Sell or keep your investment property? walks through the four numbers.

For your own tax figure, ask a registered tax agent before you sign anything.

Sources

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Published 14 Nov 2026. Checked against the sources above on that day.

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