Art and Self Managed Superfunds (SMSFs)

Holding artworks can provide you with capital growth and rental income in your SMSF, however, there are several new laws to be aware of. These may change in the coming months and any new legislation will be updated here. 

The definition of an artwork includes paintings, sculptures, drawings and photographs. Collectables include jewellery, antiques, artefacts, coins, bank notes, postage stamps, books, memorabilia, wines, cars, recreational boats, memberships to sporting and social clubs. A.N.G. Art Consulting offers bespoke valuations for artwork only. 

The following rules apply to artworks and collectables held in your SMSF from 1 July 2011. If your SMSF artworks were acquired before 30 June 2011, then these rules must be adhered to by 1 July 2016:


1. Artworks and collectables can be rented to a gallery or to another business that neither you nor any other of your family members control. 

2. Artworks and collectables cannot be rented to a related party, such as to your business or a relative. 

3. Artworks and collectables cannot be stored or displayed in the home of the member or a related party. 

4. The collectable must not be used by a related party. This would apply to items such as jewellery, cars, wine and boats. 

5. The artworks and collectables must be insured in the SMSF's name to protect the assets against damage. Insurance must be organised within 7 days of purchase. 

6. The reasons for the decision where to store the artworks must be documented and kept for at least 10 years. 

7. Artworks and collectables that are sold to a member or a related party must be sold at a market price determined by a qualified independent valuer, such as Art Valuations Australia.
Information on Art Insurance or Art Valuations.