Your 30 June 2027 checklist: what to gather, what to ask, what to do

This is the client version of the review checklist our accountants use for the 2027 changes. It's built to be printed, ticked and handed back. You don't need to understand the tax law to complete it; you need to know what you own, where the paperwork is, and what's happening in your family.

Before you start, two facts to keep straight. The CGT, pre-CGT and negative gearing changes starting 1 July 2027 are law. The proposed 30% minimum tax on discretionary trusts from 1 July 2028 is a Bill, not law. The checklist treats them differently for that reason. Our guide to the 30 June 2027 tax changes explains both.

Step 1: What do you own, and in whose name?

List every asset of real value in your family group. For each one, note who legally owns it: you, your spouse, jointly, a company, a family trust, an SMSF.

• Family home (whose name is on the title?)
• Investment properties, including holiday homes
• Listed shares, ETFs and managed funds
• Shares in private companies, including your business
• Units in unit trusts or interests in family trusts
• Business assets and goodwill (if you run a business outside a company)
• Commercial property, including your business premises
• Farm land and water entitlements
• Crypto assets
• Collectables or artwork worth more than a few thousand dollars
• Loans you've made to family members or family entities
• SMSF or other super balances (for the estate and death benefit questions)

For each asset, also note:

• Roughly when it was bought (and whether before 20 September 1985)
• Roughly what it cost
• Roughly what it's worth now
• Whether you plan to sell, keep or pass it on in the next five years

Step 2: What documents should you gather?

You don't need all of these for every asset. Gather what applies.

For every asset

• Purchase contract, settlement statement or broker confirmation (with the contract date)
• Records of improvements, renovations or additional purchases
• Details of any transfer, inheritance or rollover since purchase

For property

• Title search showing current owners
• Rental schedules for the last two years
• For anything bought after 12 May 2026: the signed contract showing the date and time, and whether the property was new
• For new builds: builder's contract, occupation certificate, evidence you're the first owner

For shares and funds

• Share registry holding statements
• Dividend reinvestment statements
• Records of takeovers, demergers and other corporate actions
• Capital losses carried forward (from your last tax return)

For companies and trusts

• Trust deeds and every deed of variation
• Company constitutions and share registers
• The last two years of financial statements and tax returns
• The last two years of trust distribution resolutions
• Loan accounts between you and the entities

For your estate

• Your current will (and your spouse's)
• Enduring powers of attorney
• Super death benefit nominations, with the date signed
• Any binding financial agreement

Our year-end records request agent builds a personalised version of this list from last year's figures, so you're only asked for what applies to you. Your accountant checks it before it's sent.

Step 3: What questions should you ask yourself?

Answer yes, no or not sure. Every "yes" or "not sure" is a conversation to have with us.

The 2027 tax changes

• Do I own anything bought before 20 September 1985, directly or through a company or trust?
• Do I own shares in a private company, or units in a trust, that I acquired before 1985?
• Do I hold investments in my own name that would be safer, or taxed better, in a trust, company or super?
• Do I plan to sell anything with a large gain after 1 July 2027, in a year when my income will be low?
• Do I receive, or expect to receive, the Age Pension or another Centrelink or DVA payment?
• Have I bought, or am I about to buy, a residential investment property after 12 May 2026?
• Do I have capital losses carried forward, and gains I'm planning to realise?
• Does my family trust distribute to adult family members on low incomes?

Risk and creditors

• Am I a company director, a personal guarantor, or in a profession with liability risk?
• Is the family home in the name of the person with the most risk?
• Does one company act as trustee for both a trading business and an investment trust?
• Does any trust owe money to a beneficiary who has debts or might face a claim?
• Are my business's BAS, PAYG withholding and super payments all up to date?

Relationships and family

• Is anyone in the family separating, marrying or entering a new relationship?
• Am I planning to help a child buy a home or business with a large sum of money?
• Does one child, alone, hold control of a family trust, or will they on my death?
• Am I paying child support after a separation?
• Is there a family member with a severe disability whose future I want to provide for?

Death, incapacity and succession

• Is my will more than five years old, or written before a major family change?
• Does my will leave everything outright, with grandchildren who might benefit from a testamentary trust?
• Does my super death benefit nomination still say what I want, and is it valid under my fund's rules?
• Does each SMSF member have an enduring power of attorney?
• Am I in NSW, or do I own assets in NSW, with a blended family or estranged child?
• Is any family trust due to vest (end) in the next ten years?

Step 4: How will your assets be triaged?

Once we have your answers and documents, every asset and entity goes into one of three groups.

The urgent group is usually small. Most families have one or two decisions to make, not ten. Our guide to the CGT discount changes explains the snapshot, our pre-CGT assets guide covers the K6 test, and the discretionary trust tax changes guide explains why trusts are on hold.

Step 5: What evidence should be on file by 1 July 2027?

These are the records that make the new rules work in your favour later. Tick each one off as it's filed.

• Property valuations as at 1 July 2027 for pre-1985 and post-1985 real estate you'll keep (ordered from a qualified valuer)
• 30 June 2027 closing price statements for listed shares, ETFs and listed funds
• Net asset valuations for private companies and unit trusts, split into pre-CGT and post-CGT assets where relevant
• Signed 2026–27 trust distribution resolutions, made by 30 June 2027, with notes of how the trustee considered each beneficiary
• Up-to-date financial statements and a solvency record before any transfer between family members or entities
• A governance folder: current wills, powers of attorney, death benefit nominations, trust deeds and variations

Watch out: Restructures, transfers and resolutions must be done by 30 June 2027. Valuations are as at 1 July 2027 and can be prepared soon after, but valuers will be busy. Book early.

Step 6: Who does what?

Our estate planning check agent reviews wills, powers of attorney and death benefit nominations for gaps and drafts the points to raise with your solicitor. An accountant reviews every flag; the AI never gives you legal advice. See also our estate planning checklist and our guide to binding death benefit nominations.

What do people most often miss?

From the first reviews we've done, these are the items that turn up late, or not at all:

• The contract date on a recent property purchase. Settlement statements are easy to find; the signed contract with its date is not. It decides whether negative gearing is grandfathered.
• Old share parcels. Shares bought decades ago, or received in a demutualisation or takeover, often have no clear cost base on file. Share registries can usually help, but it takes weeks.
• Pre-1985 company shares. Families remember the farm was bought in 1980; they forget the family company's shares were issued then too, and that the company has bought post-1985 assets since.
• Loans to children. Money advanced for a home deposit with nothing in writing. That matters for family law and estate planning, not just tax.
• Trust deed variations. The original deed is in the safe; the three variations since are scattered. We need all of them to know what the deed currently says.
• Death benefit nominations that have lapsed or no longer match the fund's deed.
• Overdue lodgements. Any outstanding BAS or tax return in the family group needs fixing before a restructure, because transfers made while records are incomplete are easier to challenge. See our guide to director penalty notices if a company is behind.

What happens after you send it to us?

1. We acknowledge and check for gaps. Questions come by SMS or email. You answer on your phone and upload photos of documents. No portal password.
2. We triage. Each asset and entity is placed in the urgent, snapshot only or hold group. Our AI agents draft the first pass, including the CGT, pre-CGT and trust modelling; a qualified accountant reviews every figure and signs off.
3. We send you an action list. Plain English: what, who, by when, and what it costs. Fixed pricing for anything we do.
4. We brief your other advisers. Solicitor, financial adviser, valuer. You don't have to repeat the story three times.
5. We track it to 30 June 2027 and beyond. Including the trust Bill, which we'll update you on when it passes, changes or stalls.

A month-by-month timeline

For the full list of options this checklist feeds into, see our 41 strategies before 30 June 2027. If you'd like the review done for you, our asset protection team runs it as a fixed-price engagement.

General information only, current as at 18 October 2026. It is not personal tax, legal or financial product advice and doesn't take your circumstances into account. Talk to us before you act. Where a recommendation needs a licensed financial adviser or a solicitor, we work alongside them.