In his recent article, Grow SMSF director, Kris Kitto, outlines clear and practical guidelines for SMSF property valuations, emphasizing the importance of annual market value assessments for both residential and commercial properties. He explains that while residential valuations can often be automated using RP Data, commercial properties require more rigorous evidence—such as comparable sales data and, ideally, professional valuation reports every three years. Kris also highlights acceptable valuation methods like net capitalisation and comparable sales, and stresses that council rates alone are insufficient for audit purposes. His approach balances compliance with cost-efficiency, helping trustees meet ATO requirements without unnecessary expense.
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