Acumentis, national property valuation company, is pleased to announce its new partnership with Reliance Auditing Services, a leading national SMSF audit service provider.
The partnership will provide efficient Self-Managed Super Fund (SMSF) property assessments, giving SMSF trustees a reliable solution for accurate reporting of their property assets' market value, in compliance with their legal obligations.
As the COVID-19 pandemic continues to impact property values, it is required that SMSF trustees obtain an updated external valuation for their assets in case of a "significant event" to meet Australian Taxation Office (ATO) guidelines. Auditors are now recommending the use of qualified valuers to ensure compliance, and the partnership between Acumentis and Reliance Auditing Services will provide a streamlined and cost-effective solution.
Nathan King, National Director Advisory at Acumentis, stated, “This partnership addresses some of the most common hurdles trustees face in obtaining advice on the market value of their SMSF assets. The partnership enables clients to easily order a property assessment online, complete a digital form, and receive an ATO compliant property assessment within four working days.”
With a long-standing relationship between the two companies, Acumentis has been a preferred partner recommended by Reliance to accountants and self-managed super fund trustees for property valuations. The new partnership aims to provide SMSF trustees with market value estimates for their commercial, residential, and rural properties, allowing them to comply with annual SMSF reporting requirements.
Considering the rapidly changing property values in the current market environment, particularly in the residential and commercial sectors, an assessment of property assets undertaken by an independent and appropriately qualified licensed property valuer can reduce the likelihood of ATO contestation or queries on the valuation.
Naz Randeria, Managing Director at Reliance Auditing Services, expressed her excitement about the new partnership, stating, “We look forward to working with Acumentis to provide our clients with a streamlined and compliant solution for their SMSF property assessments.” With Acumentis’ national network of over 300 property professionals, SMSF trustees can rest assured that they are receiving a reliable and efficient service to assist with reporting on property assets.
If you require an assessment for your SMSF property assets complete the online form now or contact one of the specialists at Acumentis.