Does a company need a 30 June 2027 valuation?

The company itself is generally outside the rule

From 1 July 2027, the 50% CGT discount for individuals and trusts is generally replaced, for later growth, by cost base indexation and a 30% minimum tax on resident individuals’ capital gains. Companies can’t use the 50% discount, so nothing changes for them there.

The transitional rule generally treats individuals and trusts as selling and buying back their CGT assets at market value just before 1 July 2027. A company is not on that list, so goodwill, plant and premises it acquired on or after 20 September 1985 are not treated as sold at 30 June 2027.

Assets it acquired before 20 September 1985 are different. Under section 112-175, any owner, companies included, is treated as selling them just before 1 July 2027 at market value, and growth from then on becomes taxable. Your adviser should check.

The shareholders are a different question

Shares are CGT assets in their own right. So while the company is generally outside the rule, the people and trusts that own it may not be. The answer turns on who is on the share register.

The common trap: a client says “it is all in the company” and stops there. Check the share register, the trust deeds and any holding company above the trading entity.

If a shareholding is in scope

A valuation is not legally required. A shareholder may be able to use an apportioning method instead, once it is finalised (it was still a draft in October 2026), and the choice is generally made in the tax return for the year the shares are eventually sold. Your tax adviser decides which suits.

Where a market value is preferred, the subject is the shares, not the company’s assets one by one. We value the business inside the company, add surplus assets such as spare cash, deduct debt and shareholder loans, then ask what a particular parcel of shares is worth.

A full valuation report on one shareholding is a fixed $999 + GST. The fixed fee applies once we confirm the interest, purpose, structure and records fit the fixed-fee scope. Anything outside it is quoted in writing before we start. Each additional interest, such as the second shareholder’s parcel, is $795 + GST. Groups and larger companies are quoted in writing before we start.

A valuation as at 30 June 2027 is prepared after that date, once your records to 30 June 2027 are available. You can book your place now.