• SMSF changes imminent for collectables

    SMSF changes imminent for collectables 

    SMSF's that hold collectables or personal use assets including paintings, coins, antiques, artifacts, memorabilia, recreational boats, jewellery, books, wine or motor vehicles acquired before 30 June 2011, should be aware of significant changes that will take effect on 1 July 2016.

    A new set of rules will be rolled out for SMSF’s and investors should be aware of the rules to protect their investment and ensure their collectables have the appropriate level of documentation, insurance and legal support.

    Collectables are a great way for individuals to invest ahead of retirement and while they don’t provide immediate benefit, they are an attractive investment for self-managed super funds.

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