GUEST EXPERT INSIGHT
Beat the Rush on CGT Valuations: What Property Owners Should Know Before 1 July 2027
With significant tax changes approaching from 1 July 2027, some property owners may benefit from getting their valuation evidence organised early.
Demand for CGT valuations is expected to increase as the changes draw closer, which may make early preparation worthwhile for property owners who need reliable valuation evidence.
In this guest article, Michael from Local Valuers Australia explains why getting organised early can help property owners stay prepared and avoid unnecessary pressure closer to the change date.
This article provides general information only and does not constitute tax, legal or financial advice. Property owners should seek advice relevant to their individual circumstances.
8 September 2026 | 5 minute read
WHY PREPARE EARLY
Why CGT Valuations May Become More Important Before July 2027
With changes taking effect from 1 July 2027, demand for CGT valuations is expected to increase as more property owners seek to have appropriate valuation evidence in place.
Michael’s advice is simple: where a valuation may be required, there can be advantages in getting organised before demand increases.
Acting earlier may provide property owners with more time to gather supporting information, arrange the valuation and discuss the outcome with their accountant or tax adviser without the pressure of approaching deadlines.
It may also help avoid the higher demand and longer turnaround times that can occur when many property owners are trying to organise valuations at the same time.
The key is not to assume that every property owner automatically needs a CGT valuation. Whether one is appropriate will depend on the property, ownership circumstances and the advice of the owner’s accountant or tax professional.
UNDERSTANDING THE PURPOSE
What a CGT Valuation Is Used For
A CGT valuation provides an independent assessment of a property’s value at a relevant point in time.
That valuation evidence may then be used by the property owner and their accountant or tax adviser when determining the appropriate tax treatment of the property.
The circumstances in which a valuation may be needed can vary, which is why property owners should confirm the requirement with their accountant before arranging one.
For some owners, having clear and properly documented valuation evidence in place can make future tax reporting more straightforward and reduce uncertainty when the information is eventually required.
The important point is that the valuation should be prepared by a suitably qualified professional and supported by appropriate market evidence for the relevant valuation date.
RESIDENTIAL AND COMMERCIAL PROPERTY
CGT Valuations for Different Property Types
The cost and complexity of a CGT valuation can vary depending on the type of property being assessed.
Local Valuers Australia currently advises that its standard residential CGT valuations are priced at $700 + GST, while standard commercial CGT valuations are priced at $1,250 + GST.
More complex properties may require a tailored quotation depending on the nature of the asset and the level of assessment required.
Michael is also offering one complimentary updated valuation before 1 July 2027 for clients who complete an eligible CGT valuation now.
For property owners who expect they may need valuation evidence, organising this earlier can provide more certainty around timing and cost before demand increases.
WHY TIMING MATTERS
Why Leaving a CGT Valuation Until the Last Minute Can Create Pressure
As 1 July 2027 approaches, valuers may experience a significant increase in enquiries from property owners seeking CGT valuation evidence.
Higher demand can mean longer turnaround times and less flexibility when owners are trying to organise reports close to a deadline.
Preparing earlier can make the process more manageable, particularly where additional information, historical records or a more detailed assessment is required.
It can also give property owners more time to review the valuation with their accountant or tax adviser and address any questions before the information is ultimately needed.
For owners who have already been advised that a valuation is appropriate, getting organised early may simply mean one less task to deal with as the changes draw closer.
PROFESSIONAL ADVICE
When to Speak With Your Accountant or Tax Adviser
A CGT valuation is only one part of the broader tax picture.
Before arranging a valuation, property owners should speak with their accountant or tax adviser to confirm whether one is appropriate for their circumstances and what valuation date or supporting evidence may be required.
This is particularly important where the property has a more complex ownership history, has changed use over time, is held within a trust or company structure, or forms part of a broader investment strategy.
A qualified valuer can provide the independent property evidence, while the accountant or tax adviser can determine how that information should be applied for tax purposes.
Keeping those two roles separate helps ensure property owners receive the right advice from the right professional.
CURRENT VALUATION OFFER
Local Valuers Australia’s Current CGT Valuation Offer
Local Valuers Australia is currently encouraging property owners who may require CGT valuation evidence to get organised early, while demand remains lower and pricing is still competitive.
Their current standard pricing is $700 + GST for residential CGT valuations and $1,250 + GST for commercial CGT valuations.
Eligible clients will also receive one complimentary updated valuation before 1 July 2027.
More complex properties may require a tailored quotation depending on the type of property and the level of assessment involved.
For property owners who have already been advised by their accountant or tax adviser that a valuation is appropriate, this may be an opportunity to get the evidence in place early rather than waiting until closer to July 2027.
GUEST CONTRIBUTOR
About Michael from Local Valuers Australia
Michael from Local Valuers Australia works with property owners who require independent valuation evidence for a range of purposes, including capital gains tax reporting.
His work includes both residential and commercial property valuations, with a focus on providing clear, evidence-based reports that can be used alongside advice from accountants and tax professionals.
In this article, Michael shares why some property owners may benefit from organising CGT valuation evidence early ahead of the changes taking effect from 1 July 2027.
This article contains general information only and does not constitute tax, legal or financial advice. Property owners should seek advice relevant to their individual circumstances before making decisions.
FINAL THOUGHTS
Getting Organised Early Can Make the Process Easier
As 1 July 2027 approaches, more property owners may begin looking at whether they need CGT valuation evidence in place.
For those who have already been advised that a valuation is appropriate, acting early can provide more time to organise the report, review it with their accountant or tax adviser and avoid the pressure that may come with increased demand closer to the change date.
The important step is to first understand whether a valuation is relevant to your circumstances.
Once that is clear, having the evidence prepared early can mean one less thing to manage later.
FREQUENTLY ASKED QUESTIONS
CGT Valuation FAQs
What is a CGT valuation?
A CGT valuation is an independent assessment of a property’s value at a relevant point in time. It may be used alongside advice from an accountant or tax adviser when determining the tax treatment of a property.
Does every property owner need a CGT valuation before 1 July 2027?
No. Whether a valuation is appropriate will depend on the property, ownership history and individual circumstances. Property owners should confirm the requirement with their accountant or tax adviser before arranging one.
Why might property owners organise a valuation early?
Getting organised early may provide more time to gather supporting information, arrange the valuation and review the outcome with an accountant or tax adviser before demand increases closer to 1 July 2027.
Can CGT valuations be completed for both residential and commercial property?
Yes. CGT valuations can be completed for residential and commercial properties, although the cost and complexity of the report may vary depending on the type of property being assessed.
Who should prepare a CGT property valuation?
A CGT valuation should be prepared by a suitably qualified property valuer and supported by appropriate market evidence for the relevant valuation date.
Should I speak with my accountant before arranging a CGT valuation?
Yes. An accountant or tax adviser can help confirm whether a valuation is required, which valuation date may be relevant and how the valuation evidence should be used for tax purposes.
