Nothing falls due on the date
The new CGT rules split the growth in an asset’s value at 30 June 2027, but no tax is payable on that date. The split only comes into play when the business, shares or interest is actually sold or otherwise disposed of, which could be years away.
So there is no lodgement and no deadline on 30 June 2027 itself. The date simply becomes the point that a later calculation may look back to.
The questions your accountant will ask
Whether the 30 June 2027 value matters depends on your circumstances. Your accountant will usually want to know:
- Who owns the business: you personally, a family trust, a company, or a mix.
- Whether you hold shares or units, and how many.
- Whether the business has grown in value, or built goodwill, since you acquired it.
- Whether you may sell, transfer, restructure or hand the business on in future.
- Whether any assets were acquired before 20 September 1985.
If you want to know which of these apply to you before the conversation, take the two minute check.
Why some owners act before the date
Some owners choose to have their business valued now, with an update to 30 June 2027 later. The reasons are practical, not legal:
- The slow part of a first valuation, understanding the business, is done without a deadline.
- Evidence is gathered while it is current, not reconstructed years later.
- You and your accountant have a supported figure to plan around.
A valuation done now is a valuation at today’s date. It is not, on its own, a 30 June 2027 valuation. The update is what produces the 30 June 2027 value.
If you decide to wait
That can be a perfectly reasonable choice. A valuation as at 30 June 2027 can be prepared after the date, using only what was known or reasonably foreseeable at the time.
The one thing worth doing either way is keeping the records from around the date: the financials, the customers and contracts, your genuine plans and the risks you knew about. Here is the checklist.
Where we fit
Your accountant decides whether the new rules apply and how to treat them. If they tell you the 30 June 2027 value matters, we independently establish and document the market value of the agreed business or interest, at the agreed date, for the agreed purpose.
Oliver Group provides valuation services only. Obtain taxation advice from your accountant or tax adviser as to whether the transition provisions apply to your circumstances. This page is general information, not tax, legal or financial advice.