SMSF Valuations
A Self-Managed Superannuation Fund (SMSF) is a great way to have control over your investments. For those in charge of an SMSF, valuation reports are essential for effective investment management.
An SMSF property valuation is a trusted method of tracking investments via an assessment of the market value.
When do I need an SMSF property valuation report?
Every year, the value of all SMSF assets must be reported. Valuations for assets such as shares and managed funds must therefore be completed annually, however, property valuations can carry over for a few years (in general, around 3 years).
There are valuation guidelines that indicate when a new valuation is needed. A new property valuation is needed if:
- The previous report has become considerably or materially inaccurate
- A significant event such as a natural disaster, market volatility, or large renovations may have altered the asset’s value.
Experts also advise getting regular valuation reports if property makes up a significant part of the SMSF's investments. For anyone in charge of an SMSF, valuations are essential.
Why you should order an SMSF valuation
There are no existing methods that are as reliable as valuation reports when it comes to determining the market value of investments such as property and assets.
Reports are also needed for yearly financial statements, internal and external audits, and tax returns. An SMSF property valuation can provide some much needed insights into the fund’s investment properties.
Who prepares SMSF property valuations?
Only a Certified Practising Valuer (CPV) who is registered with the Australian Property Institute can prepare official SMSF valuation reports. Registered CPVs have undergone extensive valuation training and are well-versed in the regulatory and legislative requirements.
CPVs follow international valuation standards and are dedicated to principles of transparency and honesty. Valuers prepare SMSF valuation reports from an objective and unbiased viewpoint.
Why choose us?
At Valuations VIC, our Certified Practising Valuers have decades of experience and wide-ranging skill sets. We pride ourselves on being the leading valuation firm in Victoria and guarantee an exceptional standard of service.
Our valuation reports are legally accepted across the country and serve as official proof of market value. For prompt, accurate, and detailed valuation reports, we are your best bet. To learn more about our wide range of valuation services, give us a call today.