With the new CGT changes which states current assets will obtain the 50% discount for gains up until the 1st July 2027... and then moving forward the new method will be applied.
This means that you would need a valuation at 1st July 2027 as the cross over occurs.
My question relates to the fact I have signed an option agreement to sell my property with a developer. This option lasts for 2 years, with the last 6 months occurring after 1st July 2027.
The market value of my property should be what the developer is paying when they exercise the option, which is constant across the option period.
For example. Bought the property for $500K, and it was worth $1m when the option was entered into. If I sold the property on the market, Id only get $1m however the developer is going to pay $2m if the option is exercised. So what's the market value?
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