# Countdown to 30 June 2027 URL: https://valuationday.com.au/countdown Reviewed: 2026-10-24 **Short answer:** 30 June 2027 is the last day before Australia's capital gains tax (CGT) changes start. Assets that Australian resident individuals and trusts still hold are generally treated as sold just before 1 July 2027 and bought back, usually at market value. The Valuation Day countdown runs to 11:59 pm on 30 June 2027, Melbourne time. Reviewed 24 October 2026. General information only, not tax advice: ask your accountant how the rules apply to you. Valuation Day is our name for 30 June 2027, not an official term. ## Why does 30 June 2027 matter? It is the last day before Australia's capital gains tax (CGT) changes start on 1 July 2027 ([ATO, 13 October 2026](https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/capital-gains-tax-reform)). CGT is the tax on a gain when you sell an asset such as an investment property, shares or business assets like goodwill. - **The 50% discount stays for the part of a gain up to the date.** For individuals and trusts, the part of a gain up to 30 June 2027 can generally keep the 50% CGT discount, and the part from 1 July 2027 generally uses indexation, an adjustment for inflation, instead (ITAA 1997 s 115-100; [ATO](https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/capital-gains-tax-reform)). - **Assets are treated as sold and bought back.** Australian resident individuals and trusts still holding an asset at the end of 30 June 2027 are generally treated as selling it and buying it back at market value (ITAA 1997 ss 112-155, 112-165). The law also provides for a formula, the apportioning method, but it had not been made at 24 October 2026 and, as drafted, would not cover every asset (s 112-185; [Treasury draft, August 2026](https://consult.treasury.gov.au/c2026-792170)). New residential dwellings that meet the law's tests and affordable housing are left out (ss 115-102, 115-125); assets acquired before 20 September 1985 have their own deemed sale (ss 112-175, 149-10). [How it works](https://valuationday.com.au/guides/deemed-sale-market-value). - **No valuation has to be in place on the day.** The ATO says a valuation does not have to be in place on the date and should not be obtained before it, because a valuation can't be forward-looking ([ATO, 19 October 2026](https://www.ato.gov.au/tax-and-super-professionals/for-tax-professionals/tax-professionals-newsroom/cgt-reform-guidance-and-market-valuations)). ## What happens next? Nothing is reported or paid on 30 June 2027 because of the deemed sale: for individuals and trusts, any gain or loss from it is deferred until the asset is sold or another CGT event happens to it (ITAA 1997 ss 112-160, 112-170). | When | What happens | | --- | --- | | Before the date | Keep the usual records for assets you hold ([ATO](https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/capital-gains-tax-reform)). A planning valuation may be useful; ask your accountant. | | From 1 July 2027 | A value as at 30 June 2027 can be prepared. [When it can be done](https://valuationday.com.au/guides/when-can-it-be-done). | | When you sell | For assets covered, the gain is split at 30 June 2027, using market value or, if one is made and covers the asset, the apportioning method (ITAA 1997 ss 112-155(3), 112-185). For most individuals and trustees, the earliest tax return that could be affected is 2027-28 ([ATO](https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/capital-gains-tax-reform)). | On 19 October 2026 the ATO said the Government was still developing the apportioning method ([ATO](https://www.ato.gov.au/tax-and-super-professionals/for-tax-professionals/tax-professionals-newsroom/cgt-reform-guidance-and-market-valuations)). A Bill introduced on 14 October 2026 would change some of the deemed-sale conditions, but it was not law at 24 October 2026 ([Treasury Laws Amendment (Tax Reform No. 3) Bill 2026](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r7554)). ## Add 30 June 2027 to your calendar Add the date as an all-day entry in Apple Calendar, Outlook or Google Calendar. - [Download the calendar file (valuation-day.ics)](https://valuationday.com.au/valuation-day.ics) - [Add it to Google Calendar](https://calendar.google.com/calendar/render?action=TEMPLATE&text=Valuation%20Day%3A%20last%20day%20before%20the%20CGT%20changes&dates=20270630/20270701&details=30%20June%202027%20is%20the%20last%20day%20before%20Australia%27s%20capital%20gains%20tax%20changes%20start%20on%201%20July%202027.%20Valuation%20Day%20is%20an%20education%20platform%20by%20Valuo%3A%20https%3A//valuationday.com.au) The entry reads "Valuation Day: last day before the CGT changes", with a short note and a link back to valuationday.com.au. ## Put the countdown on your website Paste this code into any web page to show the days left until 30 June 2027: ```html ``` - It counts the days to 11:59 pm on 30 June 2027, Melbourne time, then reads: "Valuation Day has passed. A value as at 30 June 2027 can still be prepared now." - It sets no cookies, stores nothing in visitors' browsers and loads nothing from other websites. Please keep its one small link, "Valuation Day by Valuo". - For a dark background, end the address with ?theme=dark. Facts and logos for articles are in the [media centre](https://valuationday.com.au/media). ## Questions people ask ### How many days are left until 30 June 2027? On 24 October 2026, 249 days were left until 30 June 2027. The Valuation Day countdown ends at 11:59 pm on 30 June 2027, Melbourne time (Australian Eastern Standard Time). The date is the last day before Australia's capital gains tax changes start on 1 July 2027. ### Is Valuation Day an official name for 30 June 2027? No. Valuation Day is the name Valuo's education platform uses for 30 June 2027; it is not an official term. The tax law speaks of assets being treated as sold just before 1 July 2027 (ITAA 1997 ss 112-155, 112-165). ### What happens on 30 June 2027? For Australian resident individuals and trusts, assets still held are generally treated as sold at the end of 30 June 2027 and bought back on 1 July 2027. Nothing is taxed that day: any gain or loss waits until the asset is sold or another capital gains tax event happens (ITAA 1997 ss 112-155, 112-160). ### Does my 2026-27 tax return need a 30 June 2027 value? Generally no. The ATO says you generally don't need an asset's market value just before 1 July 2027 to complete your 2026-27 return. For most individuals and trustees, the earliest return that could be affected is 2027-28, and only if an asset is sold or another capital gains tax event happens that year. ### Can I put the countdown to 30 June 2027 on my website? Yes. Copy the embed code from valuationday.com.au/countdown into any web page. The Valuation Day widget counts the days to 11:59 pm on 30 June 2027, Melbourne time, sets no cookies and loads nothing from other websites. After the date it shows a short note instead. Please keep its small credit link. ## Next step Plan before the date. A signed planning valuation now shows where a business stands, and the update to 30 June 2027 is prepared after that date. - Business, shares or trust units: $1,995 + GST, turnover under $2 million, signed planning valuation now plus the update to 30 June 2027 included. One valuation date only: $1,495 + GST. - Property: Oliver Group arranges the valuation, and the property is valued and signed by a property valuer, never Oliver Group. The fee is quoted in writing before any work begins. - Business and property together: $300 off the Oliver Group business fee when a property is added. **[Get my fixed fee](https://valuationday.com.au/get-valued)**, or call the valuer on 03 8375 4177. - The fee is fixed in writing before any work starts. - The ATO says you don't need a valuation in place on the day. We'll tell you if one may be useful for you. Get my fixed fee: https://valuationday.com.au/get-valued. Phone 03 8375 4177. ## Related - [What changes on 1 July 2027](https://valuationday.com.au/cgt-changes-1-july-2027) - [When a 30 June 2027 valuation can be done](https://valuationday.com.au/guides/when-can-it-be-done) - [Do I need a valuation for 30 June 2027?](https://valuationday.com.au/guides/do-i-need-a-valuation) - [Business and property packages](https://valuationday.com.au/packages) - [Media centre: facts, logos and the countdown](https://valuationday.com.au/media) - [Get my fixed fee](https://valuationday.com.au/get-valued) ## Sources - [Income Tax Assessment Act 1997, s 112-155](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, s 112-160](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, s 112-165](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, s 112-170](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, s 112-175](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, s 112-185](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, s 115-100](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, s 115-102](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, s 115-125](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, s 149-10](https://www.legislation.gov.au/C2004A05138/latest/text) - [Federal Register of Legislation, search for "apportioning capital gains" on 24 October 2026 (only the Act and the amending Act; no instrument)](https://www.legislation.gov.au/search/text(%22apportioning%20capital%20gains%22,nameAndText,contains)/pointintime(Latest)) - [Treasury, Capital Gains Tax and Negative Gearing: Tranche 2 Legislation (consultation c2026-792170, 4 to 21 August 2026)](https://consult.treasury.gov.au/c2026-792170) - [ATO, Capital gains tax reform (published 13 October 2026, QC 108170)](https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/capital-gains-tax-reform) - [ATO, CGT reform: guidance and market valuations, tax professionals newsroom (published 19 October 2026, QC 108200)](https://www.ato.gov.au/tax-and-super-professionals/for-tax-professionals/tax-professionals-newsroom/cgt-reform-guidance-and-market-valuations) - [Parliament of Australia, Treasury Laws Amendment (Tax Reform No. 3) Bill 2026](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r7554) - IANA time zone database, Australia/Melbourne (AEST, UTC+10, on 30 June 2027) - [Valuation Day, About](https://valuationday.com.au/about) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 115-100(a), (aa) and (ab)](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 112-160(3) and note 3, s 112-170(3) and note 3](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 112-155](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 112-165](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 112-155(1)(b) and (c), s 112-165(1)(b) and (c), s 104-10(3)](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 112-155(1)(a), (d) and (e), s 112-165(1)(a), (d) and (e)](https://www.legislation.gov.au/C2004A05138/latest/text) - [Parliamentary Library, Bills Digest No. 24, 2026-27, Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 and related Bill (22 October 2026)](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2627/27bd024) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 112-175, s 104-10(5), s 149-10 (note 2), s 4-5](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 112-155(2) and (3) and note 1, s 112-160(1) (note), s 112-165(2) and (3)](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 112-160(2) to (4), s 112-170(2) to (4)](https://www.legislation.gov.au/C2004A05138/latest/text) - [Income Tax Assessment Act 1997, compilation No. 268 (1 October 2026), s 112-185, s 112-155(3)(b)](https://www.legislation.gov.au/C2004A05138/latest/text) - [Treasury, exposure draft Income Tax Assessment (Method for Apportioning Capital Gains and Capital Losses) Determination 2026, section 5](https://storage.googleapis.com/files-au-treasury/treasury/p/prj3e46922ceb8760bf4a62f/page/c2026_792170_cgt_app_exposure_draft.pdf) - [Treasury, draft explanatory statement for the apportioning method determination (August 2026)](https://storage.googleapis.com/files-au-treasury/treasury/p/prj3e46922ceb8760bf4a62f/page/c2026_792170_cgt_app_explanatory_material.pdf) - [Treasurer, Consultation on next tranche of tax reform legislation (media release, 4 August 2026)](https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/media-releases/consultation-next-tranche-tax-reform-legislation) - [Valuation Day, Packages](https://valuationday.com.au/packages) - [Valuation Day, Property](https://valuationday.com.au/property) Reviewed 2026-10-24. Valuation Day is an education platform by Valuo. Valuations are by Oliver Group, part of Valuo. Oliver Group is operated by Valuation Group Pty Ltd, ABN 48 702 469 252. Not a government website and not affiliated with the ATO. Oliver Group provides valuation services only. Obtain taxation advice from your accountant or tax adviser. General information only, not tax advice.