The Australian Tax Office (ATO) is of the view that SMSF / DIY Super funds should use market values for all valuation purposes.
All SMSF / DIY Super Funds are obligated to lodge an annual return with the ATO.
The ATO suggests that “the use of a valuer should be considered where the value of the asset represents a significant portion of the fund’s value or where the nature of the asset is likely to be difficult”.
At Mason’s we specialize in providing high quality valuations for real estate assets contained within SMSF / DIY Super Funds.
We are able to provide valuations of all residential, retail, commercial, industrial and investment properties across the Melbourne area and our services are charged an affordable price for our customers.
To find out more about how we can assist you with your property valuation requirements please contact us today.
Investing in property, via a Self Managed Super Fund (SMSF) is an increasingly popular option for those managing their superannuation funds and currently across Australia there is approximately $820 billion worth of assets shared between 1.1 million investors.
Despite the popularity of this strategy, there are circumstances to be considered, perhaps most importantly the requirement of the Australian Tax Office that annual returns be lodged on a timely basis, and if you have property as part of your Self Managed Super Funds in Melbourne you will undoubtedly require the services of an experienced and independent SMSF specialist in Melbourne.
At Mason’s we provide first class property valuations for all circumstances, and in particular for your Self Managed Super Funds property in Melbourne; Choosing Mason’s ensures that you receive a timely, detailed and accurate analysis of your property’s worth that will help you manage your SMSF in Melbourne effectively and efficiently.
There are many complex rules regarding property investment as a part of your SMSF, and we would strongly recommend that before you consider SMSF set up in Melbourne that you seek some SMSF advice from our Melbourne office. Diligence at the outset of your SMSF strategy can offset potential difficulties further down the line, save you money and a lot of stress.
Furthermore, once your plan is established, it will still require close attention to ensure your optimal outcome and should you make the wise decision for Mason’s to be your SMSF auditors in Melbourne you can be assured of full compliance with all appropriate regulations whilst safeguarding you best interests.