Hobart SMSF Property Valuation
If you are considering whether you need an SMSF property valuation in Hobart or Launceston, Vas TAS can help. We are local certified property valuers with years of experience. Our experience has prepared us to answer any questions you may have about having an SMSF property valuation.
A common question we are asked is, “How often does an SMSF need to value property?” Well, assets for your self-managed superannuation fund (SMSF) do not need to be valued for every income year, but a valuation must be considered. This is especially the case when the asset makes up a significant portion of your SMSF. In most cases, the most significant asset is property. You will need to provide the market value of your property so that you can prepare your fund’s accounts, statements and SMSF Annual Return (SAR). Evidence of your SMSF property valuation must be available to your SMSF auditor.
An SMSF auditor will confirm the valuation was based on objective and supportable data. You can have your SMSF property valuation completed by a qualified independent valuer as valuers cannot be a member or be related in any way to a member of the SMSF. This ensures the valuation is impartial.
To perform a property valuation for SMSF purposes, a valuer has many things they must consider to determine the true market value of your property. This may include:
- The location, overall size, and general condition of the property
- The purchase price of the property if it has been recently purchased through an arm’s length sale
- Changes, renovations, additions, and general improvements made to the property since its last valuation
- The current market value of comparable properties and recent sales data from the last 6 months
SMSF Property Valuation Hobart & Launceston
Vals TAS is the leading firm for SMSF property valuations in both Hobart & Launceston. We have a good reputation for providing quality valuations of great detail with quick turnarounds. Our efficiency and accuracy have earned us recommendations from many of the top accounting, legal and realty agencies across Tasmania.
Our qualified valuers have been Certified Practising Valuers (CPVs) for over 15 years. These years of experience make them not only efficient but highly knowledgeable. Our expert valuers are happy to answer any question and guide you through the entire valuation process.
Professional quality reports are guaranteed to all Vals TAS clients. Our SMSF valuation reports are regulated by the Australian Property Institute (API) and the Royal Institution of Chartered Surveyors (RICS). Our reports fully comply with their high standards and regulations.
As an independent firm, we can conduct a confidential and objective property valuation for tax purposes. Our independence means we do not report to or are influenced by any real estate or financial institutions.
If you would like to enquire about having an SMSF property valuation, feel free to ask our knowledgeable staff. We are happy to answer your questions. Send an enquiry through our online form or call a member of our team on (03) 6108 2178.