What changes on 1 July 2027
From 1 July 2027 the 50 per cent CGT discount is generally replaced, for Australian resident individuals, trusts and partnerships, by cost base indexation and, for individuals, a 30 per cent minimum tax on certain capital gains. New residential dwellings and affordable housing keep a discount of at least 50 per cent. Companies are not affected by the discount change, because they never had the discount, but the rule for property acquired before 20 September 1985 is not limited to individuals and trusts.
Gains that built up before then keep the discount. To separate the two, Australian resident individuals and trusts are generally treated as having sold and bought back their CGT assets at market value just before 1 July 2027. Assets acquired before 20 September 1985 are treated the same way. That makes the value at 30 June 2027 the dividing line when the property is eventually sold.
A valuation or the apportioning method
A valuation is not the only way. Instead of market value, the law allows for an apportioning method set by the Minister. You would make that choice in your tax return for the year you sell.
A draft apportioning method was released for consultation in 2026 and, at the time of writing, had not been finalised. A valuation instead reflects the sales evidence around 30 June 2027. Which gives the better result depends on your property, so ask your accountant whether a valuation at 30 June 2027 suits you.
On 14 October 2026 the government introduced the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026, which would adjust some of these rules. It is not law, and this page describes the law as it stands.
When the valuation can be done
A valuation at 30 June 2027 is normally prepared after that date, because it relies on sales evidence up to then. The law sets no deadline, so it can also be prepared later as a retrospective valuation, though the evidence is easiest to gather close to the date.
Fees
| Report | Fee incl. GST | Best for |
|---|---|---|
| Desktop CGT Valuation | $149 | Standard homes, units, townhouses and vacant lots |
| Inspected CGT Valuation | $495 | Unusual, renovated or higher-value homes |
These are today’s fees. We confirm the fee in writing after 30 June 2027, before anything is booked.
We value property. We do not give tax advice. Whether a valuation at 30 June 2027 is worth getting is a question for your accountant.