Annual financial reporting
An updated market value is expected each year to support the fund's annual financial statements and SMSF return.
SMSF property valuations
SMSF property valuation in Adelaide to the ATO standard.
Independent market valuations for Adelaide property held inside a self managed super fund. Built to satisfy ATO reporting and audit requirements, ready for your accountant on submission.
What it covers
Current market value your auditor can rely on.
As an SMSF trustee, you are required to report the market value of each fund asset as part of the annual financial statements. An independent valuation prepared by a certified practising valuer is the strongest evidence you can put in front of the ATO and your auditor.
Sidel prepares the valuation to the ATO's market value definition, with comparable sales evidence retained on file and methodology disclosed in plain language so the report stands up under audit review.
- ATO market value definition as the basis for the report.
- Independent of the trustees and any related parties to the fund.
- Comparable evidence kept on file to support audit questions.
- Delivered to your accountant on request, ready for SMSF annual return preparation.
When you need one
The events that trigger an SMSF valuation.
Commencing a pension
The market value of assets supporting a member's super pension must be established at the date the pension commences.
Transferring property in or out
Acquisitions, disposals or in-specie transfers between the fund and related parties must occur at market value.
In-house asset testing
Where the fund holds in-house assets, the percentage held against total fund assets requires current market values.
Significant market events
A material market shift, natural disaster or other significant event may require an updated valuation outside the normal cycle.
Auditor request
Where the fund's auditor questions the value used in prior years, an independent valuation closes the audit point quickly.
Frequently asked questions
What SMSF trustees and accountants most often ask.
Do I need a new SMSF property valuation every year?
The ATO requires that the value of each fund asset reflects current market value at year end. A new independent valuation each year is the safest position, and is the standard most auditors now expect. A new valuation is also required when a significant event materially affects market value.
Will your valuation satisfy the ATO and the fund's auditor?
Yes. Reports are prepared by an API certified practising valuer to the ATO market value definition, with comparable sales evidence on file and methodology clearly disclosed.
Can a trustee or related party prepare the valuation themselves?
The ATO permits trustees to prepare their own valuation in limited circumstances if it is based on objective and supportable data, but an independent qualified valuer's report is the strongest evidence and the most defensible position under audit.
How much does an SMSF property valuation in Adelaide cost?
The fee is fixed after a short scoping call and depends on the property type and complexity. Most metropolitan SMSF valuations are quoted promptly, with no upfront cost.