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New standards for SMSFs investing in collectables and personal use assets. / Investment Markets / Recent History / Economy / Markets and Outlook

New standards for SMSFs investing in collectables and personal use assets.

Only a few months remain before the grandfathering expires and the new rules apply to SMSFs with art, collectables and personal use assets purchased prior to June 2011.

Since July 2011 new SMSF investments in art, collectables and personal use assets have had to comply with the new rules. However these regulations didn’t apply to art and collectables held by SMSFs at 30 June 2011, which were grandfathered under the old rules until 1 July 2016. This is now lonely a few months away.

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