The Importance of Commercial Property Valuations for Self-Managed Super Funds (SMSFs)
SMSFs are a popular investment option for Australians looking to build their retirement savings. However, it's important to ensure that your SMSF is compliant with all ATO regulations. One of the key requirements is to obtain regular valuations of any commercial property owned by the fund.
What is a valuation and why is it important?
A valuation is an estimate of the fair market value of a commercial property. It's important to have your commercial property valued regularly for a number of reasons:
Compliance: The ATO requires SMSFs to obtain valuations of all assets, including commercial property, at least every three years.
Accurate reporting: Valuations help to ensure that your SMSF's financial statements are accurate and up-to-date.
Informed investment decisions: Regular valuations can help you to track the performance of your investment and make informed decisions about the future of your SMSF.
Contact Us
Phone 1300 728 157
Mike Wilczynski
hello@smsfpropertyvaluations.com.au
Level 2, 70 Hindmarsh Square, Adelaide 5000, Australia