Fund property, 30 June, and the valuation the auditor accepts.
SMSF valuation is the one part of this work with a date already in the calendar. Every 30 June, every year, for every asset the fund holds — and the evidence has to be current, not carried forward.
Quick answer
SIS Regulation 8.02B requires SMSF assets to be carried at market value in the fund’s financial statements each 30 June. Trustees must be able to show the value was reached by a fair and reasonable process supported by objective, current evidence. Where property is a significant share of the fund, an independent valuation is the evidence auditors accept without qualification. Carrying the same figure across years is a documented driver of breach reports.
In this cluster
3 guides, in the order they apply.
The 30 June obligation is annual and separate from any CGT event. An in-specie transfer out of the fund is a second date and needs its own figure — the 30 June value cannot be reused for it.
The service behind this
When you need the report, not the reading.
Fixed fees from $440 incl. GST for standard metropolitan residential. Quotes returned within 2 business hours, reports in 5 business days of inspection.
Sources
- Market valuation for tax purposes — Australian Taxation Office
- Income Tax Assessment Act 1997 — Consolidated Act, AustLII
- Australian Property Institute — Professional Practice Standards and the CPV designation
General information about how valuations are used for tax purposes. Not tax advice. Your accountant or tax agent should confirm which provision applies to your circumstances.
Written and reviewed by
Jarrad Khoury
Head of Valuations at Asset Valuations Group, where he leads the Business Valuation Services division. Over 10 years in property and business valuation. Registered Valuer in Queensland (Not Limited), Licensed Valuer in Western Australia (Not Limited), CPV through the Australian Property Institute (Not Limited), CPV and CBV through the Australian Valuers Institute, and Registered Business Valuer through the AIBB.
Last reviewed 15 September 2026 · About the practice · Editorial policy