SMSF property valuations supported by market evidence.
Independent valuations of residential, commercial and specialist property held by self-managed superannuation funds. We provide clear, dated reports for trustees, auditors and advisers making decisions about fund assets.
The purpose determines the evidence.
SMSF trustees value fund assets at market value for annual accounts and may need evidence for transactions. Annual reporting and related-party transactions both require a supportable market value. We tailor the valuation date, scope and supporting evidence to the intended use. We agree the valuation date, property interest and intended use before setting the scope of the report.
SMSF Property Valuations.
Annual reporting
Support the market value reported in fund accounts with a dated analysis of comparable transactions, income and property condition.
Transactions and transfers
Assess market value for acquisitions, disposals, in-specie transfers and related-party dealings, with the interest and effective date clearly identified.
Commercial property
Analyse leased business premises, specialist property and market rent using lease terms, net income, outgoings and comparable evidence.
We work with trustees, accountants, auditors and legal advisers. The report addresses property value; the fund’s advisers determine the tax and compliance treatment of a transaction.
A supportable value starts with the property and its rights.
The basis of value depends on the interest held, the valuation date and the available market evidence. For leased commercial assets, we test rent and lease terms as well as sales. For residential property, location, condition and comparable transactions carry greater weight.
- Title, ownership and property interest
- Lease, rent review, incentives and outgoings
- Recent comparable sales and rental evidence
- Property condition, improvements and occupancy
- Zoning, permitted use and development potential
- Valuation date and any relevant retrospective evidence
From scope to a reasoned conclusion.
The reporting is tailored to the asset, interest and purpose.
Define the instruction
Confirm the fund asset, purpose, valuation date and information required by the trustee or auditor.
Assess the market
Review documents, inspect where appropriate and analyse sales, income and property risks.
Report the conclusion
Provide a reasoned market value with the evidence, assumptions and limitations set out clearly.
Common questions.
We will tailor the scope to the property and the decision the report supports.
Does an SMSF need a new independent property valuation every year?
Trustees must value fund assets at market value for annual accounts, but a fresh report by a qualified independent valuer is not automatically required every year. They should assess whether earlier evidence remains appropriate and provide support to the auditor.
Can you value property leased to a related business?
Yes. We consider the property interest, lease terms and market rent using objective comparable evidence. Your advisers can address the fund’s related-party and arm’s-length requirements.
Can you assess a past valuation date?
Yes. We can scope a retrospective valuation using market and property evidence relevant to the specified date.
Is a desktop assessment sufficient?
It depends on the asset, purpose, available evidence and any requirements of the auditor or other intended user. We will agree the appropriate scope before work begins.
Discuss your SMSF property valuation.
Tell us the property type, location, valuation date and purpose. We will confirm the information needed and provide a fee proposal.