Indicative estimate vs compliance-grade valuation: know the difference

There are two very different things people call a "valuation", and confusing them is where owners get into trouble.

An indicative estimate

An indicative range — like the free tool on this site — is a rules-based estimate from a handful of self-reported figures. It's fast, it's useful for orientation, and it's honest about its limits. It is generated automatically, it isn't reviewed by a person, and it is not something you should rely on for tax, a transaction, or a dispute.

Its job is to tell you roughly where you stand and what moves the number.

A compliance-grade valuation

A compliance-grade valuation is a formal report prepared on a recognised standard (IVS / APES 225), built from verified financials and evidence, and reviewed and signed by an independent qualified valuer. It carries an evidence pack and an audit trail, so the figure can be reconstructed and defended years later.

This is what the ATO expects for the 30 June 2027 CGT reset, and what a buyer, court, or regulator will accept.

Which do you need?

| | Indicative estimate | Compliance-grade valuation | |---|---|---| | Speed | Minutes | Weeks | | Reviewed by a valuer | No | Yes — signed | | Evidence pack & audit trail | No | Yes | | Rely on it for tax / deals / disputes | No | Yes |

Start with the indicative range to get your bearings. When the stakes are real, upgrade to the signed report. Codex is built to take you from one to the other without starting over.