Self Managed Superannuation Valuations

 

Do you own a self managed superannuation fund? 

Are you aware that you are required to updated the value of the assets held in the fund on a regular basis?

Melbourne Property Valuation provides individual clients who manage their own superannuation funds as well as accountants and financial advisors superannuation property valuation reports for all types of properties.

With over fifteen years experience providing valuations for superannuation funds we understand what is required and how to provide you with the valuation reports required by an auditor or the ATO.

We can provide you with a current or retrospective valuation of residential, commercial, industrial or rural properties.

It is also possible to provide reports where access to the property is not possible.

The valuation process involves confirmation of the property type, it’s location and the date it’s to be valued at, as well as the details of who to formally address the report to along with any lease details or other relevant background information as required.

An inspection is then undertaken, and a detailed written report provided that will be sent to you via email. We provide reports to local clients, as well as those based interstate and overseas.

We understand the requirements for valuations of this nature, and can provide you with a valuation report thats meets all requirements. Many clients have their property valued once, then contact us every two or three years to provide an updated valuation of their property assets held in a superannuation fund.

Superannuation property valuation can be a complex area and we obviously suggest you confirm with the ATO or your accountant as to the specific requirements of having your property valued if you have any questions of a legal nature.

Once you are ready to have a valuation undertaken, all you need to do is contact our office with the details of the property, and confirm specifics details such as who to address and send reports to and we will do the rest. No fuss, just a simple straight forward process, and one that we have be undertaking for over 10 years.

Whether is a residential investment property, commercial property held in your private superannuation fund, or anything else we can help you.

All our superannuation valuation reports are detailed, and comply with all relevant requirements.  You can either call us directly and speak to a valuer to discuss your requirements, or fill in our online form and we will reply with a prompt quote and any further information you may require.

Capital gains tax is a complex area and Melbourne Property Valuation recommends you seek advice from the ATO, your Accountant or Financial Advisor before requesting a valuation as it is a completed area, and the correct date of valuation is important, as well as understanding the ATO requirements.

Below is an excerpt from the ATO website which states;

According to legal precedent, experts who assess market value should have specific knowledge, experience and judgment in that particular field. To ensure the objectivity of the report, the valuer should be independent of the interests of the party commissioning the report.

Minimum requirements

A valuation should:

  • be replicable – in effect, this means the valuation should be documented and explained well enough that another person or valuer can understand how the value was determined
  • preferably be undertaken by a suitably qualified and experienced person in relation to the asset being valued.

A valuation report should:

  • be understandable
  • objectively demonstrate the valuation process undertaken in accordance with valuation industry practices.

If you do not adequately explain the process you undertook, we may not accept that the value reached by that process is the market value.

All of our valuers hold full and unrestricted current certified practising valuer (CPV) status with the API and each has a minimum of 15 years valuation experience.

CONTACT A PROPERTY VALUATION SPECIALIST

CONTACT

ADDRESS

Suite 165, 7/225 Lonsdale Street
Dandenong Vic 3175

CPV

C. Melbourne Property Valuation 2020