SYDNEY, AUSTRALIA – The abolition of the 50 per cent CGT discount from 1 July 2027 has created the single largest compliance event the Australian valuation profession has faced. Every business owner holding a CGT asset at 30 June 2027 who expects to sell within the next decade has a financial incentive to obtain a defensible market valuation by that date. The transitional reset under Subdivision 112-E of the Income Tax Assessment Act splits pre- and post-reform gains, and the split is determined by what the asset was worth on 30 June 2027.
Dalio Voss has been established specifically to meet this demand. The firm is led by Stuart Cook, the founder and principal of TWIYO Group, a corporate advisory practice whose team has spent more than twenty years advising private business owners on transactions, capital structure, governance and growth. Cook and his team understand that a valuation is not an isolated document but a commercial decision with consequences that compound over years. A business owner who gets the valuation right at 30 June 2027 protects every dollar of pre-reform gain they have built over the life of the business. A business owner who does not may find themselves paying tax on gains that were always entitled to the old discount.
“A valuation done well is the foundation of every good exit, every clean capital raise, and every defensible tax position. A valuation done badly, or not done at all, costs the business owner far more than the fee they saved. That is true in any year, but it is especially true in a year where the legislation has drawn a hard line at 30 June 2027 and the ATO will have every incentive to test what sits on the other side of it,” Cook said.
The firm’s panel includes Registered Business Valuers and qualified professionals with deep experience across manufacturing, professional services, technology, construction, agriculture, healthcare and retail. Each valuer brings independent professional judgement to every engagement, supported by a structured methodology that ensures consistency, completeness and the kind of documentation trail the ATO expects. The approach covers the full scope of a compliance-grade valuation: financial normalisation, appropriate method selection, evidenced comparables, risk assessment and a signed report with a complete evidence pack.
Dalio Voss works closely with accountants and lawyers as its primary referral channel, recognising that the professionals who already advise business owners are best placed to identify the need and coordinate the timing of a valuation engagement. The firm offers a referral partnership that gives accounting practices the ability to offer valuation services to their entire client base without taking on the professional liability, the independence risk or the capacity constraint themselves.
“Accountants know their clients’ businesses better than anyone. What they need is a valuation partner they can trust. One that will produce a report their client can rely on, that the ATO will accept, and that does not put the accountant’s own independence at risk. That is what we have built,” Cook said.
The firm’s methodology draws on established valuation standards, including the International Valuation Standards and APES 225, and applies a structured process from initial triage and scoping through data collection, financial analysis, normalisation and the final review and sign-off by a qualified valuer. The methodology is documented, consistent and reproducible. The ATO’s own guidance makes clear that replicability is a hallmark of a defensible valuation: if a second qualified valuer, given the same information and following the same methodology, would reach the same conclusion, the report holds up.
The firm places particular emphasis on financial normalisation, the process by which a business’s reported earnings are adjusted to reflect its true underlying profitability. Owner remuneration restated to a market-rate salary, one-off expenses identified and removed, related-party transactions benchmarked against arm’s length terms: these adjustments determine the earnings base on which the valuation rests, and they require commercial judgement as much as technical competence. The Dalio Voss team brings both.
Division 152 small business CGT concessions, including the 50 per cent active-asset reduction, survive the reform with an increased aggregated turnover threshold of $10 million from the 2027-28 financial year. For business owners who qualify, the interaction between the transitional reset and Division 152 makes the case for a properly prepared valuation even stronger. The concessions depend on meeting specific conditions, and a well-documented valuation is the foundation for demonstrating eligibility.
Dalio Voss is currently accepting engagements across Australia, with international expansion into the United Kingdom, Canada and the United States planned for 2027.
More information is available at www.daliovoss.com.au.
