The ATO has addressed some of the practical aspects associated with valuing more unusual assets in SMSFs following various concerns raised by SMSF professionals.
ATO assistant commissioner Kasey Macfarlane said while the valuation process for assets like shares and other listed investments is relatively straight forward, valuations for some of the more complex investments may not be so clear.
“What we often hear is that there’s not market for unlisted investments so they can’t be valued or they don’t have a value,” she said.
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