Melbourne Venture Securities (MVS) is an integrated provider of corporate advisory and capital finance services through one connected team.
We offer confidential corporate advisory services to small and medium-sized businesses, including all financial aspects of commercial and family law (expert reports), compensation disputes, forensic accounting and valuation reporting.
New CGT reforms commencing 1 July 2027 will increase the importance of reliable market valuations for businesses, private company shares, goodwill, unlisted investments and other CGT assets. The new transitional rules allow affected taxpayers to determine the pre- and post-1 July 2027 components of a future capital gain using either market value or a statutory apportionment methodology.
The Institute of Public Accountants (IPA) has highlighted that the apportionment approach assumes asset growth occurs relatively evenly over the ownership period. For businesses and investments that have experienced significant or uneven growth, this may not reflect their actual increase in value.
Source: Accountants Daily, "CGT apportionment measure puts valuations front and centre: IPA", August 2026.
Business owners should consider identifying potentially affected assets and retaining the financial and commercial information needed to support a 30 June 2027 market valuation.
MVS can work alongside accountants and tax advisers to provide independent valuations of businesses, private company shares, goodwill, unlisted investments and other business interests.
Speak with George Georgiou and the MVS team about your valuation requirements: (03) 9592 2357 | 0418 362 058Recent Australian tax reforms have placed renewed importance on reliable, supportable market valuations for privately held businesses, investments, superannuation assets and other CGT assets. For many MVS clients and their advisers, there are now two important valuation dates to keep on the radar: 30 June 2026 and 30 June 2027.
The new Division 296 superannuation tax regime includes transitional provisions that may allow eligible small superannuation funds to elect to reset the cost base of certain assets for Division 296 purposes.
Where the election is available and made, the market value of the asset at 30 June 2026 becomes particularly important. This may create a need for appropriate valuation evidence for SMSF assets including:
- private company shares
- units in unlisted trusts
- property and other unlisted assets
- private investments
- business and related interests
For trustees and their advisers, obtaining appropriate valuation evidence now may be considerably easier than trying to reconstruct a 30 June 2026 market value several years later.
The new CGT regime commencing from 1 July 2027 also makes 30 June 2027 an important valuation date for many individuals and trusts holding CGT assets.
Under the transitional rules in Subdivision 112-E of the ITAA 1997, assets held across 1 July 2027 may be subject to deemed sale and reacquisition provisions.
Depending upon the circumstances, market value immediately before 1 July 2027 may be relevant in determining the pre- and post-reform components of a future capital gain, with an alternative statutory apportionment methodology also available in relevant cases.
The reforms can also affect pre-CGT assets, making this an area that business owners, investors, family groups and their tax advisers should consider well before 30 June 2027.
At Melbourne Venture Securities, valuations form an established part of our corporate advisory and transaction services. We can assist clients and their professional advisers with independent valuations of:
Our valuation work is undertaken with a practical understanding of privately owned businesses, investment structures, transactions and the importance of maintaining appropriate supporting evidence.
If a tax provision requires the market value of an asset at a particular historical date, the best time to establish and document that value is around that date, not years later when records, information and market evidence may be more difficult to obtain.
We therefore encourage accountants, tax advisers, SMSF trustees, business owners and private investors to start identifying assets for which a 30 June 2026 or 30 June 2027 valuation may be required.
General information only. The application of the Division 296 and CGT transitional provisions will depend upon individual circumstances. Appropriate taxation, superannuation and legal advice should be obtained before making any election or acting on these provisions.