SMSF Property Valuations
By Daniel Shaw The ATO recently provided guidance on the types of evidence a trustee can use when valuing the property holdings in an SMSF. Prior to 1 July 2012, trustees could provide a valuation for SMSF assets every three years. However, they are now required to annually report the market value of assets with […]
Super Fund Updates
As part of its 2019-2020 budget the government announced changes to the contributions rules to allow older Australians greater flexibility to make contributions into their super fund. The changes were introduced into parliament in separate bills in March and May 2020 and importantly relate to: Amending the work test requirement from age 65 to 67 […]
