Hold your agency or its shares personally or in a trust? A 30 June 2027 market value may be useful.

From 1 July 2027 the 50% CGT discount for individuals, trusts and partnerships is replaced by cost base indexation and a 30% minimum tax on capital gains, for gains accruing after that date. Individuals and trusts are generally treated as selling and reacquiring their assets just before 1 July 2027, at market value or under an apportioning method, so a market valuation at 30 June 2027 may be useful. Companies never had the 50% discount, so this change does not alter a company's position on assets acquired since CGT began; a company asset acquired before 20 September 1985 is caught by the deemed sale in section 112-175, so ask your adviser. The fee is set by the revenue of what is valued: $1,495 + GST under $2 million, delivered in 2 business days. Delivery time starts once payment and all required information have been received.

What changes on 1 July 2027?

The ATO says the reforms announced in the 2026-27 Federal Budget are now law. From 1 July 2027 they replace the 50% CGT discount for individuals, trusts and partnerships with cost base indexation and a 30% minimum tax rate on capital gains, and the CGT reforms apply to gains that accrue after 1 July 2027. Growth in your agency before that date keeps the existing treatment.

Companies never had the 50% discount, so this change does not alter a company's position on assets acquired since CGT began; a company asset acquired before 20 September 1985 is caught by the deemed sale in section 112-175, so ask your adviser. Companies generally could not make a discount capital gain: section 115-10 lists individuals, complying superannuation entities, trusts and, for complying superannuation assets, life insurance companies. The four small business CGT concessions in Division 152 are unchanged; Treasury's small business explainer says all four are staying.

How does the 30 June 2027 split work?

For an Australian resident individual who holds a CGT asset from before 1 July 2027 until a later sale, section 112-155 treats the asset as sold just before 1 July 2027 and reacquired just after. The notes to the section say the sale happens on 30 June 2027 and the reacquisition on 1 July 2027, which is why the valuation date is 30 June 2027. Section 112-165 applies a similar rule to assets held by a trust.

The deemed sale price is the asset's market value just before 1 July 2027 or, if you choose, an amount worked out under an apportioning method. Section 112-185 lets the Minister set that method by legislative instrument. Any gain or loss from the deemed sale is disregarded and deferred until the year of the actual sale, and the choice can wait until you lodge the return for that year. No tax falls due on 30 June 2027 because of the deemed sale.

Assets acquired before CGT began (20 September 1985) are also deemed sold at 30 June 2027 under section 112-175, which ends their pre-CGT status. Your adviser will tell you whether any agency asset, or your shares, fall into that group.

Is anything still changing?

Yes. A further Bill, the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026, was introduced on 14 October 2026 and passed the House of Representatives on 29 October 2026. It would clarify how the rules apply in more complex cases, including some trust structures. As at 15 November 2026 it had not passed the Senate, so it is not law. Check the position with your adviser before you rely on the detail, and before you choose between a 30 June 2027 market valuation and the apportioning method.

Which agency owners does this reach?

What matters is who holds the asset on 30 June 2027. This table is general; your tax adviser confirms how it applies.

Market value or the apportioning method: which suits an agency?

A valuation is optional. The law lets you use market value or, if you choose, the apportioning method, and you choose when you sell. Ask your adviser whether a method has been made and how it would treat your agency.

An apportioning method splits the eventual gain between the periods before and after 1 July 2027 using the method the Minister sets. Agency values rarely move in a straight line. A rent roll can jump after a book purchase. An insurance brokerage can lose a large client. A marketing agency can win or lose a retainer that changes its earnings for years. Where the real path of value differs from what the method assumes, a market value at 30 June 2027 may be useful in comparing the two outcomes when you eventually sell. The decision belongs to you and your tax adviser.

Why keep agency records from 30 June 2027?

A market value at 30 June 2027 can be tested later against what was known on that date. The ATO lists reliance on information from after the valuation date among common valuation issues. Agency books change every month, so the records are easiest to capture at the time.

• ·Rent roll schedule, arrears and vacancy reports exported from the trust accounting system as at 30 June 2027
• ·Insurance renewal list and brokerage income by client and insurer for the year to 30 June 2027
• ·Trail statements and loan balances by lender as at 30 June 2027
• ·Client list with retainers, contract terms and notice periods for marketing, digital and creative agencies
• ·Placement fee and contractor margin reports for recruitment and labour hire
• ·Clients won and lost during the year, with the reason for each loss
• ·Financial statements for the year ended 30 June 2027

When can a 30 June 2027 valuation be prepared?

A valuation as at 30 June 2027 rests on the agency as it stood on that date, so it is prepared once the records for that date are available. A valuation done today is a current valuation, not a 30 June 2027 valuation. If you plan to sell, restructure or bring in a partner around then, tell us and we confirm the valuation dates in writing. Related work: Market valuations for CGT events in agencies and Restructure valuations: moving an agency into a company or trust.

What does a 30 June 2027 valuation cost?

There is no special package for this work. The standard fees apply, fixed in writing before work starts. If you want both the agency and the shares a family trust holds in it valued, each additional entity adds $795.

The band is set by the annual revenue, excluding GST, of what is being valued: a rent roll's annual management income when the rent roll is valued on its own, an insurance or mortgage book's annual recurring income when the book is valued on its own, or the agency's total annual turnover when the whole agency, or shares or units in it, are valued. A business on exactly $3 million is Medium, and one on exactly $10 million is Large. Add-ons: +$495 per retrospective (past) valuation date, and +$795 per additional entity. Delivery time starts once payment and all required information have been received.