mate it depends on your taxable income from other sources. The way to calculate it is.
1- take they final sale price and subtract all capital costs including cost of purchase and cost of selling the house and any capital improvement to work out your profit.
2- divide this figure by 2 for the capital gain discount for owning over 1 year.
3 add this figure to your taxable income. calculators are available at the ato website to determine to extra tax you will need to pay by putting in your currant taxable income to determine your currant tax payable and the tax payable with the profit from the sale added in.
4- as previously suggested you should sell any dud shares and prepay interest on other properties in the year of sale to minimise tax payable.
