Are you a trustee of a Self-Managed Superannuation Fund (SMSF) in Australia? If so, you are responsible for ensuring that your SMSF complies with the Australian Taxation Office (ATO) regulations. This includes obtaining regular valuations of any property assets held within the SMSF.
In this blog post, we will discuss the importance of SMSF property valuations and how SMSF Property Valuations can help you ensure your SMSF is ATO compliant.
Why are SMSF Property Valuations Important?
SMSF property valuations are essential for ensuring the accuracy of your SMSF's financial statements. These valuations are also used to calculate the value of your SMSF for tax purposes.
The ATO requires that SMSF trustees obtain valuations of their property assets at least once every three years. However, more frequent valuations may be necessary if there have been significant changes in the property market or the condition of the property.
Contact Us
Phone 1300 728 157
Mike Wilczynski
hello@smsfpropertyvaluations.com.au
Level 2, 70 Hindmarsh Square, Adelaide 5000, Australia