• hello@vostroprivate.com.au
  • Phone. 03 9867 4345
Valuing fund assets for your annual return
actor

BY VOSTRO PRIVATE WEALTH

The market value is calculated as at 30 June and is the amount someone could be reasonably expected to pay if the asset was for sale.

Remember to get your valuations done before you go to your auditor and provide relevant evidence to ensure your audit is completed in time to lodge your SAR.

Start researching now to:
  • find who can value your assets
  • what type of evidence you need to support the valuation of your fund's assets.
Asset valuations are reviewed by your approved SMSF auditor each year, who'll check assets have been valued correctly and assess and document whether the basis for the valuation is appropriate. They're not responsible for valuing fund assets and if you're unable to provide your auditor with appropriate evidence of market value of fund assets this could result in a contravention being reported to us.

In some instances, the law requires valuations to be undertaken by a qualified, independent valuer.

Check out our SMSF valuation guidelines for more information. 
Share this article:
Related articles
  • Newsletter

    5 Schemes and Grants for First Home Buyers in Australia

    Buying your first home can be a daunting (and expensive!) prospect. Luckily, there are a number of government schemes and grants that can help you on your way.

  • Newsletter

    A Little July Reflection

    January may be famous for fresh starts, but by February many New Year's resolutions have already lost momentum. July, on the other hand, offers something a little different.

  • Newsletter

    AFL Grand Final

    Grand Final week had us reflecting on what a long footy season and a good financial plan have in common: patience, adjustment, and trusting the process, even through the rough patches. We also marked the occasion with footy colours, a round of trivia between Advisers and Client Services, and a well-earned win for the Advisers team.

  • Newsletter

    Client Success Story

    What does it look like when nine years of small, consistent steps finally click into place? We share a hypothetical client story about looking back, seeing real progress, and walking into the new financial year with confidence rather than anxiety.