Superannuation Fund Property Valuations
Self-managed super funds are private superannuation funds that you can manage yourself. When you operate a self managed super fund you will need to get the fund’s assets valued periodically. Assets need to be valued to comply with government superannuation fund legislation for the purposes of: Acquiring assets between SMSFs or related parties; Assessing the value of assets that qualify for transitional capital gains tax relief; Determining the market value of the asset; Determining the value of current or new retirement income streams; Disposing of assets; Establishing the market value of assets; Preparing the financial records of the fund.
A self managed super fund trustee can send their annual financial statements and an SMSF valuation report to their accountant.
Your accountant however can only supply full details of your financial affairs if they know what your assets and liabilities are. Knowing your assets and liabilities means that as the manager of an SMSF you can make well-informed decisions.
This is why an SMSF property valuation is important. It will be based on evidence to determine the current market value of the property.
How does the valuer assess a property’s current market value?
NT Valuers will first assign the most suitable valuer for your project and will then arrange a time for the valuer to come and inspect your property. This typically occurs within a couple of business days of you getting in touch with us. The inspection will take approximately 15-30 minutes and the valuer will review the number of rooms, the number of bedrooms, the number of bathrooms, the condition and age of the property and whether or not there have been substantial renovations.
Why choose NT Valuers for your SMSF valuation?
NT Valuers boasts over 20 years of independent valuation experience and is proudly registered with the Australian Property Institute (API). Each of our valuers is a Certified Practising Valuer (CPV) with a minimum of 15 years of professional experience, also holding AVI or RICS qualifications. Our expert team values a wide array of property types, including: Commercial real estate; Industrial property like factories, medical centres, warehouses etc; Offices; Retail stores; Showrooms.
NT Valuers property valuers are also available to answer any questions you may have during the property valuation process so give us a call on (08) 8911 1505 and we’ll be happy to assist.