Declaration of Property Use & Market Valuation minute
We've observed an increase by SMSF auditors in respect to documentation required to support the market valuation requirements for property investments and their use.
In this video, Aaron shows you how to order a:
- Declaration of Property Use - confirmation by the trustees in respect to how the fund's asset is being utilised within the fund; and
- Trustee minute for market valuation of property - includes evidence used to support the valuation in line with SISR 8.02B.