Tax & Technology News
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Tax
CGT reform: market valuation rules for assets held before 1 July 2027
The ATO has released guidance on market valuations under the CGT reforms. Assets held before 1 July 2027 may be treated as sold and reacquired at market value, but valuations shouldn't be obtained in advance.
Tax
FBT changes for salary sacrificed work-related benefits from 1 April 2027
From 1 April 2027, salary sacrificed work-related benefits lose key FBT concessions, while employers gain a broader exemption for multiple work-related items provided outside salary sacrifice.