248 days to go
If you or your family trust own a business, shares or an investment property, the 50% discount stops for growth from 1 July 2027.
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For individuals and trusts, the 50% capital gains tax discount no longer applies to the part of a gain that builds up from 1 July 2027.
If you or your trust still hold an asset, the law generally treats it as sold just before 1 July 2027 and bought back at market value. Nothing is taxed on the day.
When you sell, the part of the gain up to 30 June 2027 can generally still get the 50% discount.
Sources: ITAA 1997 ss 115-100, 112-155, 112-165; ATO.
If you or your family trust own investment, holiday or commercial property, a business or shares: generally covered. A home that has only ever been your main residence: generally exempt.
| You or your family trust own… | 30 June 2027 |
|---|---|
| Investment, holiday or commercial property | Generally covered |
| A business, or shares or units in a company or trust | Generally covered |
| The home you live in (only ever your main residence) | Generally exempt |
| Anything bought before 20 September 1985 | Its own rule: treated as sold too |
| New residential dwellings that meet the law's tests | Excluded |
Held by a company? A company's own assets are outside the main rule (assets it bought before 20 September 1985 have their own rule). Shares you or your trust hold in it are generally covered.
Sources: ITAA 1997 ss 112-155, 112-165, 112-175, 118-110; ATO.
Up to five quick questions.
Growth up to 30 June 2027 can generally still get the 50% discount. Growth from 1 July 2027 falls under new rules.
Bought for $500,000
Worth at 30 June 2027 $800,000
Sold in 2032 $900,000
Growth up to 30 June 2027: $300,000 Can generally still get the 50% discount
Growth from 1 July 2027: $100,000 New rules (indexed for inflation)
Nothing is taxed on the day. The gain is split when you sell.
Check if the change reaches you and keep your records.
You can generally complete your 2026-27 tax return without the 30 June 2027 value (ATO).
248 days to go
Valuation Day.
Assets you or your trust hold are generally treated as sold and bought back at market value.
New rules apply to growth from this date.
A value as at 30 June 2027 can now be prepared. The 2027-28 tax return is the first that could be affected.
The gain is split at 30 June 2027.
Your accountant uses the 30 June 2027 value, or the formula if it is made and covers your asset.
Market value is the default. The formula had not been made at 24 October 2026.
The default
The law uses the asset's market value just before 1 July 2027.
For most assets, including real estate, the ATO says that value will need to be established when you later sell. A valuation is one way to show it.
Not made at 24 October 2026
The law lets the Minister make a formula, the apportioning method, that owners could choose instead.
The August 2026 draft would cover only some assets.
Which suits you is a question for your accountant.
Valuation or the formula, explainedSources: ITAA 1997 ss 112-155, 112-165, 112-185; ATO; Treasury.
The ATO says a valuation doesn't have to be in place on 30 June 2027. Start with these four.
Tick them off as you go
Accounts, leases and rent, photos of the property's condition, share and unit registers.
The 30 June 2027 value itself can only be prepared on or after that date (ATO, 19 October 2026).
Prefer to talk? Call 03 8375 4177
Every fee is set in writing before any work starts.
$1,995 + GST
Valuation now, plus the 30 June 2027 update. Established business, turnover under $2 million.
Quoted
In writing, before any work begins. Today's value now, and the 30 June 2027 value after that date.
A business, company shares or a property. Use the form or call 03 8375 4177.
Before any work starts. No obligation.
Signed now. For a business, updated to 30 June 2027 after that date.
Valuation Day is an education platform by Valuo.
We reply within one business day. No obligation.
Can't see yours? Call us.
03 8375 4177Valuation Day is our name for 30 June 2027 in Australia, not an official term. The date marks a line in the capital gains tax rules: for individuals and trusts, the 50% discount generally applies only to the part of a gain built up to 30 June 2027.
ITAA 1997 s 115-100
Not necessarily. The ATO says a valuation doesn't have to be in place on 30 June 2027. For most assets, including real estate, it says the market value then will need to be established on a later sale, unless the apportioning method (a formula not yet made) can be used.
ATO; ITAA 1997 s 112-185
No. A value as at 30 June 2027 is prepared after that date: the ATO said on 19 October 2026 that one shouldn't be obtained before then, because a valuation can't be forward-looking. What you can get now is a planning valuation as at today, showing where you stand.
ATO, 19 October 2026
A home that has only ever been your main residence is generally exempt from capital gains tax, and the ATO says that exemption is not changing. A home that was rented out, or not your main residence for the whole time, may be partly taxable; ask your accountant.
ITAA 1997 s 118-110; ATO
Family trusts are generally covered, with exceptions: trust assets are treated as sold and bought back just before 1 July 2027. Companies never had the 50% discount; a company's own assets are outside the main deemed sale (assets it bought before 20 September 1985 have their own deemed sale), but shares held by individuals or trusts are generally covered.
ITAA 1997 ss 112-165, 112-175, 115-10
Oliver Group's CGT 2027 Valuation Package for a business, shares or trust units is $1,995 + GST for an established business with turnover under $2 million, including the update to 30 June 2027. One valuation date only is $1,495 + GST. Property fees are quoted in writing before any work begins.
A Senate committee is due to report on a Bill that would adjust some of these rules (not law).
Valuation Day.
248 days to goThe new rules start for growth from this date.
The first that could be affected, and only if you sell (or another CGT event happens) that year.
Reviewed 24 October 2026.
Every guide cites the Income Tax Assessment Act 1997 and ATO guidance.
Valuation Day is not a government website and gives general information, not tax advice.
Tell us what you'd like valued: business, property or both.
Prefer to talk?03 8375 4177
