Opinion

The rule book on investing in cars, wine or diamonds

Because they’re classified as collectable or personal use assets, strict rules apply to their acquisition, storage, insurance and use if held by an SMSF.

Colin LewisContributor

Apr 25, 2024 – 5.00am

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Fred runs a diamond retail and wholesale business, specialising in pink diamonds. Having expertise in this field, Fred wishes to invest in diamonds via his SMSF.

He proposes to acquire the diamonds from his business and sell them back to it to be made into jewellery.