The Australian Taxation Office has clarified that property owners do not need to rush to have their properties valued before June 30, 2027, in preparation for upcoming capital gains tax changes. The new rules, effective from July 1, 2027, require market valuations to calculate capital gains accruing before and after this date. However, the tax office states that prospective valuations prepared before the deadline will not be accepted, and retrospective valuations prepared after the deadline can be used instead. These retrospective valuations may provide a more accurate assessment as valuers will have access to a broader range of records and comparable sales data around the relevant date. The tax office also notes that not all properties will require formal valuations, as taxpayers may choose between establishing market value immediately before July 1, 2027, or using an alternative apportionment method currently under development. For tax purposes, the acceptability of a valuation depends on the process and asset being valued rather than solely on who conducts the valuation. While professional valuers are generally more credible, taxpayers remain responsible for providing a replicable and defensible valuation. The article also addresses related questions about share purchases under the new rules, explaining that deemed disposals on June 30, 2027, do not affect the 50% capital gains tax discount if shares are held for at least 12 months by the time of actual disposal. Additionally, the article provides advice on superannuation strategies for retirees, including how Centrelink assesses assets for pension eligibility and the benefits of contributing to children's superannuation accounts through the First Home Super Saver scheme. The key message from the tax office is to avoid panic and unnecessary expenditure on early valuations, as detailed guidance on valuation requirements will be provided before the deadline.

The article discusses how recent tax changes introduced by the Australian Labor government are making rentvesting a less attractive property investment strategy for Generation Z. Rentvesting refers to the practice of buying a property to rent out while living in a different location, often in a more expensive area. The article features Jesse Brunt, a property investor who purchased a house in Geelong, Victoria, in 2019 for $460,000 and has kept it as an investment while renting in Sydney's Kirribilli. Brunt notes that the property, now worth approximately $800,000, has performed well, but the new tax policies are making this strategy less viable for younger investors. The article highlights that the tax changes, particularly those affecting negative gearing and capital gains tax, are discouraging Gen Z from adopting rentvesting as a primary investment approach. It also mentions that the property market is experiencing shifts in affordability and investment patterns, with younger generations seeking alternative strategies. The piece emphasizes the broader economic context, including housing affordability challenges and the government's policy changes aimed at addressing these issues. The article concludes by noting that while some investors like Brunt have benefited from their early investments, the changing tax landscape is reshaping investment strategies for the next generation of property investors.

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HMRC says drinks producers face 5% charges for missed filing or payment deadlines under Finance Bill 2026-27

Non-EU sellers now pay per item, not per parcel, ending duty-free entry for goods under €150. Mandatory product IDs follow across the bloc from November.

Non-EU sellers now pay per item, not per parcel, ending duty-free entry for goods under €150. Mandatory product IDs follow across the bloc from November.

The Finance Act 2026 changes tax rates on beer, wine and spirits, with costs likely to ripple through pubs and shops

India's Income-tax Act, 2025 will replace the 1961 Act from April 1, 2026, introducing a 'Tax Year', revised ITR due dates, increased STT rates, and new rules for share buybacks.

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The changes target the Imposto Sobre Veículos (ISV), a tax applied when vehicles are first registered or imported into Portugal. This move aims to prevent

Rumours that Chancellor Rachel Reeves may target pensions in her November Budget are pushing British expats in Europe to weigh shifting their retirement savings abroad. With an estimated £30billion ho...

🚐 September is always a key month for van buyers. Not only do we see the arrival of the new registration plates, but it’s also when the latest government finance and tax updates start to bite. For businesses across Merseyside, Liverpool, Warrington, and the wider North West, these changes can have a real impact on… continue The post What September’s Finance & Tax Updates Mean for Van Buyers appeared first on Merseyside Van Sales.

The 2025 Tax Law Changes are sweeping—enacted July 4, 2025—brings major updates to the tax code, especially for individuals and families.

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Moves against pensions, assets, and property are being considered to fill in an estimated £3 billion financial gap, according to an expert

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In this Suze School episode, Suze Orman explains how the new “Big Beautiful Bill” could shake up your finances. 💸 Learn what the tax code changes mean for you—and how federal student loan cuts and college aid reductions could impact your family's future. 🧾 Tax rules ➕ 🎓 College costs = A must-listen for anyone managing money today. #SuzeOrman #BigBeautifulBill #StudentLoans #CollegeAid #TaxChanges #PersonalFinance #MoneyTips #RetirementPlanning #FinancialFreedom Jumpstart financial wellness for your employees: https://bit.ly/SecureSave Protect your financial future with the Must Have Docs: https://bit.ly/3Vq1V3G Get your savings going with Alliant Credit Union: https://bit.ly/3rg0Yio Get Suze’s special offers for podcast listeners at suzeorman.com/offer (https://www.suzeorman.com/offer) Join Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on the podcast. Download the app by following one of these links: See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.

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