Valuation of Assets for Non-Arm’s Length Transfers
Valuation of Assets – Estate Planning Update – Autumn 2013
There are now express provisions regarding the method of valuation of assets being transferred into an SMSF, e.g. business real property or listed securities. In relation to business real property, it will be necessary to obtain a written arm’s length valuation of business real property that meets the legislative requirements. In relation to listed securities, the federal government has announced (but not yet made law) that these transfers should be done on-market, instead of off-market which was previously allowed.