Self Managed Superannuation Funds investing in collectibles and personal use assets?

Back to News
SMSF & Superannuation

Are you a trustee of a self managed superannuation fund (SMSF)?

Do you have a knack of investing in paintings by unknown artists, who later become famous like Monet or Pro Hart?

 Do you know a thing or two about wines or spirits, which in coming years will appreciate in value, such as a Grange Hermitage?

 Alternatively do you invest in jewellery, coins, banknotes, postage stamps, memorabilia etc., anticipating that it will increase in value, providing members of the SMSF a pension for many years to come.

 gold_checkDid you use funds from the SMSF to invest in these collectibles/personal use assets?

 Then the next bit of information is very important for you to know.

 Does the date 30 June 2016 ring any bells for you?

 Well it should, this is D Day for Art and Collectibles being held in an SMSF.

 The Australian Taxation Office has introduced new rules which need to be complied with.

 The new rules forbid displaying any of these investments in your place of business or home. Investments that are being leased must be leased to a non‑related party at arms-length. The item/s must also be correctly insured and independently valued each year.

 Any self managed superannuation funds investing in collectibles and personal use assets that do not meet all the requirements must be disposed of prior to 30 June 2016.

 If for any reason you need help, Optima Partners are only a phone call away.

 Pick up the phone and call us for all your superannuation and accounting needs on 6267 2200.

Contributed by

zoi.jpg sm
Zoi Yannakis –Accountant

 Optima Partners, March 2015

Optima Partners offers support to all businesses. Whatever your requirements

For more information on how Optima Partners’ services can help your business, contact the team at info@optimapartners.com.au for a consultation.

Latest News

Official Statement – New ATO correspondence system
Optima Partners has recently introduced a new system to manage ATO correspondence for our registered...
How to set up a self-managed super fund (SMSF)
A self-managed super fund (SMSF) can provide flexibility, investment choice and potential tax benefits for...
Peak bodies declare support for removal of red tape
Federal Treasurer Jim Chalmers announced on September 24, 2025 that the government is looking at...
Succession planning: a comprehensive guide
Succession planning is a key component of a successful business strategy. It is a crucial...
Key Dates – October 2025
21 October: Lodge and pay September monthly activity statement. 28 October: Lodge and pay Q1,...
Debt enforcement, payday super headline ATO’s 2025-26 plan
The Australian Taxation Office (ATO) has released its 2025-26 corporate plan, outlining key priorities, challenges...
Official Statement – Phishing attempts
We are aware that some clients have recently been receiving fraudulent emails and phishing attempts...
Effective strategies for debtor management
Debtor management is a key component of long-term business success. Poor debtor management can quickly...
Choosing the Best Client Accounting Software for Your Business
Good client accounting software is essential for business growth and improvement. The right software will...
Key Dates – September 2025
September 21: Lodge and pay August monthly activity statement. September 30: Lodge PAYG withholding payment summary...