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Collectables and personal-use assets rules are changing. Are you ready?

Collectables and personal-use assets rules are changing. Are you ready?

by Guy Wuoti | Fri, May, 2016 | SMSF Options, Adviser, Artwork & Collectables, Investments, SMSF News, Tips and traps

Collectables and personal-use assets include assets such as artwork, jewellery, antiques, vehicles, boats and wine. If your SMSF acquired any of these assets before 1 July 2011 you have until 1 July 2016 to meet the new rules, which include: the asset is not being...
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