SMSFs – Collectables and Personal Use Assets Action before 2016 deadline

Stamp-Collection

 

New legislation came into effect from 1 July 2011 in relation to Trustees of SMSFs investing in Collectables and Personal Use Assets (CPUA). The new rules applied immediately to any CPUA acquired from 1 July 2011. However, there was a transitional period for SMSFs that held CPUA on 30 June 2011, in which the new rules apply to them from 1 July 2016.

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