SMSF Property Valuations – ATO Wants More Evidence

Audit evidence to support SMSF property valuations The ATO recently clarified the evidence that is required to support real property valuations within SMSFs, particularly in light of the unique challenges brought about by COVID-19. Under SMSF regulations, assets must be valued at market value in an SMSF’s accounts and financial statements each year. SMSF auditors …

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