CGT VALUATIONS FOR THE 1 JULY 2027 TRANSITION

 As a result of Capital Gains Tax (CGT) reforms, the ATO will require all investment properties be allocated a value on a single date being 1 July 2027. 

These CGT valuations are required to be conducted by certified valuers that will provide an ATO compliant report requiring a physical inspection of the property.

Please note online or desktop valuations or agents appraisals are not ATO compliant and risk not being accepted by the ATO.  

A market valuation indicates what the asset is worth as at the relevant date supported by sales from that period.

PVA Group and its certified valuers can assist with ATO compliant valuations as at 1 July 2027. 

The valuations will be conducted retrospectively meaning the properties will be inspected after the 1 July 2027 and retrospectively valued based on sales data as at 1 July 2027.

Given the expected high volume of CGT valuations during this period , PVA Group are now accepting bookings.

The ATO’s own guidance to taxpayers is direct:

Valuations undertaken by professional valuers are more credible than those provided by someone who isn’t a professional valuer.

It also says:  

Generally, if you engage and properly instruct a professional valuer, you won’t be liable for penalties if we find the professional valuation is deficient.