SMSF Property Valuations
By Daniel Shaw The ATO recently provided guidance on the types of evidence a trustee can use when valuing the property holdings in an SMSF. Prior to 1 July 2012, trustees could provide a valuation for SMSF assets every three years. However, they are now required to annually report the market value of assets with evidence to support the valuation. Up to date asset valuations are critical to members of an SMSF as it helps to accurately calculate their member…