BGL offers SMSF property investment service
In what represents another move to strengthen the links between Self Managed Superannuation Funds (SMSFs) and property investment, SMSF administrator BGL Corporate Solutions has entered into a partnership with RP Data to provide automated property data to SMSFs.
The new arrangement, announced today, is intended to allow SMSF clients using BGL's administration platform to obtain property valuations, complete land title searches, request depreciation schedules and access a number of additional services provided by RP Data.
Commenting on the arrangement, BGL managing director, Ron Lesh said the latest Australian Taxation Office (ATO) statistics had shown that around 17 per cent of SMSF assets were held in property and this was continuing to grow.
"This new service will help our clients to provide up-to-date asset valuations and will also make it easy for property valuations to be obtained for year-end audit," he said.
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