Investors and small businesses wanting to avoid paying thousands of dollars to have their assets valued for the new capital gains tax regime face a complex nine-step valuation formula to do it themselves, but would probably end up paying a higher tax bill.On Tuesday night, Treasurer Jim Chalmers released four additional pieces of draft legislation and four explanatory memorandums totalling more than 100 pages to clean up the government’s contentious reforms to capital gains tax and negative gearing that passed parliament in late June.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles