Fiji Capital Gains Tax (CGT 10%) Calculator
Calculate Capital Gains Tax obligations under Fiji Revenue and Customs Service (FRCS) rules. Features 10% statutory rate, allowable cost base enhancements, and principal residence exemptions.
Disposal & Cost Base Inputs
Gross sales contract price or deemed market consideration.
Purchase contract price paid at original acquisition.
Renovations, real estate broker commission, legal conveyance fees.
Total statutory 10% Capital Gains Tax payable to FRCS within 30 days of transaction settlement.
Capital Gain Calculation Statement All amounts in FJD (FJ$)
| Calculation Step | Statutory Basis | Tax Nature | Value (FJ$) |
|---|---|---|---|
| Disposal Sale Price | Gross transaction consideration | — | FJ$ 450,000.00 |
| Original Acquisition Cost Base | Section 65 Income Tax Act | Deductible | −FJ$ 280,000.00 |
| Allowable Capital Improvements & Fees | Renovations, legal, agent fees | Deductible | −FJ$ 35,000.00 |
| Net Assessable Capital Gain | Sale − (Cost + Improvements) | Taxable Base | FJ$ 135,000.00 |
| Statutory CGT (10%) | 10.0% Flat Rate | 10.0% | FJ$ 13,500.00 |
| Net Vendor Cash Realization | Net retained by seller | — | FJ$ 436,500.00 |
Fiji Capital Gains Tax (CGT) Statutory Framework
The 10% Flat Rate Structure
Under Fiji's Income Tax Act 2015, Capital Gains Tax is levied at a single flat statutory rate of 10% on capital profits arising from the disposal of capital assets. Unlike personal income tax, capital gains are not aggregated with regular employment earnings and do not move through progressive tax brackets.
Allowable Cost Base Additions
Taxpayers are legally permitted to add documented expenditure to the original acquisition cost:
- Incidental acquisition costs: Conveyancing fees, stamp duty, valuation charges.
- Capital improvements: Additions, architectural modifications, and permanent infrastructure.
- Selling expenses: Licensed real estate broker commission, marketing fees, and legal closing dues.
Principal Home Exemption
Capital gains derived by an individual resident citizen from the sale of their sole or principal place of residence are statutorily exempt from CGT, shielding family homeowners from transaction tax drag when moving home.
Mandatory FRCS Clearance Certificate
Under Fijian property conveyance law, the Registrar of Titles will not register a transfer of land, lease, or property title until FRCS issues a formal CGT Clearance Certificate confirming either that full 10% CGT has been paid or that an official statutory exemption has been validated.
Frequently Asked Questions (FAQ)
What is the Capital Gains Tax (CGT) rate in Fiji? ↓
Under Fiji's Income Tax Act administered by FRCS, Capital Gains Tax is levied at a flat rate of 10% on the net capital gain realized from the disposal of a capital asset.
Which assets are subject to Capital Gains Tax in Fiji? ↓
Capital assets subject to CGT include freehold land, state and native iTaukei leases, commercial and residential buildings, shares in private companies, partnerships, business goodwill, and maritime vessels.
Is the disposal of a principal home exempt from CGT in Fiji? ↓
Yes. Capital gain from the disposal of an individual's sole or principal place of residence is exempt from CGT, provided the statutory residency conditions under the Income Tax Act are met.
Are shares listed on the South Pacific Stock Exchange (SPX) subject to CGT? ↓
No. Capital gains arising from the trading or disposal of shares listed on the South Pacific Stock Exchange (SPX) are 100% exempt from Capital Gains Tax to encourage domestic equity investment.
What is the filing deadline for CGT with FRCS? ↓
Both the vendor and the purchaser must file a CGT return with FRCS within 30 days after the date of disposal, and the tax must be remitted before the Registrar of Titles can register the transfer.
📊 Fiji Revenue & Customs Service (FRCS) & FNPF Statutory Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (FJD) |
|---|---|
| Primary Net / Statutory Payable Amount | FJ$ 0.00 |