Can SMSF trustees sell a collectable (artwork) to a relative and does it require a valuation report?
superannuation law
SMSF valuation requirements (for trustees)
The ATO has recently published “Evidence to support real property valuations” which outlines the ATO’s evidence approach and requirements for real property valuations. The approach elaborates but generally accords with the ATO’s previously published valuation principles. This article explains the ATO valuation requirements for real property and other asset classes and situations.
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