SMSF Property Valuation
Accurate and compliant asset valuation for SMSF reporting and ATO compliance.
Self-Managed Super Funds (SMSFs) are regulated under the Superannuation Industry (Supervision) Act 1992, which requires assets to be reported at market value. The Australian Taxation Office (ATO) enforces this requirement, ensuring SMSF assets are valued objectively and accurately.
Understanding market value of assets
Factors that influence the price between buyer and seller
Market Value, in relation to an asset, means the amount that a willing buyer could reasonably be expected to pay to acquire the asset from a willing seller, assuming the following conditions:
- (a) The buyer and the seller deal with each other at arm’s length in relation to the sale;
- (b) The sale occurs after proper marketing of the asset;
- (c) Both the buyer and seller act knowledgeably and prudentially in relation to the sale.
SMSF asset valuation requirements
Understanding the ATO's valuation criteria for accurate reporting and compliance
The Australian Taxation Office (ATO) requires SMSF assets to be valued at market value for several key purposes:
- Preparing financial accounts and statements of the fund
- Acquiring assets between SMSFs and related parties
- Ensuring arm's-length investments
- Disposing of collectables or personal use assets to related parties
- Determining in-house asset value as a percentage of total assets
- Valuing assets supporting super pensions
- Valuing retirement income streams (pre and post-1 July 2017)
- Assessing assets for CGT relief in the 2016–17 income year
- Valuing assets for the retirement phase and accumulation account calculations
The ATO may review these valuations, ensuring they comply with the Market Valuation for Tax Purposes guide, are based on objective data, and align with capital gains tax events.
B&A Valuers specialises in the valuation of residential, commercial, industrial, and retail properties for SMSF asset reporting to ensure ATO compliance. We advise trustees on independent assessments of market value and market rental assessments. Whether it’s for a single property or ultra-high-net-worth trustees with multiple specialised properties, we have experience assisting SMSFs with diverse portfolios.
We provide valuation services Australia-wide, covering major cities, regional centres, and remote locations, ensuring comprehensive and accurate assessments.
All reports adhere to the International Valuation Standards (IVS), as published by the International Valuation Standards Council.
Independent Property, Plant, and Machinery Infrastructure Valuation Australia-Wide
Speak to B&A Valuers today for a no-obligation initial discussion on your valuation requirements.