SMSF Investing in collectables (wine, artwork & memorabilia)

What are collectables?

Collectables and personal use assets are things like:

Investments in such items must be made for genuine retirement purposes, not to provide any present-day benefit.

Collectables and personal use assets can’t be:

your investment must comply with all other relevant investment restrictions, including the sole purpose test
the decision on where the item is stored must be documented (for example, in the minutes of a meeting of trustees) and the written record kept COLLECTABLES MUST NOT BE STORED IN YOUR PRIVATE RESIDENCE OR OFFICE.
the item must be insured in the fund’s name within seven days of the fund acquiring it
if the item is transferred to a related party, this must be at market price as determined by a qualified, independent valuer.
You can only lease collectables and personal use assets to an unrelated party and the lease must be on arm’s length terms.
Collectables and personal use assets can be sold to a related party provided the sale is at market price as determined by a qualified, independent valuer.

For collectables and personal use assets you held before 1 July 2011 you had until 30 June 2016 to comply with these rules.

these include any of the following:

No.

That means that you can not lease vintage car from your SMSF, not can your business lease artwork to display at the offices.

Yes, provided the gallery is not owned by a related party and the lease is on arm’s length terms.