
SMSF Residential Property Valuation: Avoid Risks and Penalties
In 2023, Mark bought a suburban unit in Melbourne under his SMSF (Self-managed super fund). He paid $650,000 and assumed the value wouldn’t change much. Two years later, the ATO (Australian Taxation Office) reviewed his fund. His property hadn’t been valued since purchase. The penalty? Thousands in back taxes and a flagged compliance issue. Mark…