Does my fund need an independent valuation?

Five quick questions about one holding. You see what the ATO guidance points to, and our fixed fee for it.

Question 1 of 5

What does the fund hold?

Shares in a private company that holds investmentsShares in a private company that runs a businessUnits in a private unit trust that holds investmentsUnits in a private unit trust that runs a businessA trust or company that owns propertyAnother interest in a trading businessProperty held directly by the fundListed shares or managed fundsSomething else

Does my SMSF need an independent valuation?

Not always. The ATO says trustees must value every asset at market value each 30 June using objective and supportable evidence, but a qualified independent valuer is only required by law in limited cases. The ATO recommends one when an asset is a large part of the fund or hard to value, such as private company shares or unit trusts.

This check gives general information from the ATO's guidance on valuing SMSF assets. It is not advice. Talk to your auditor about the evidence they will expect. Read the full guide to SMSF valuations