The Taxation of Art and Collectables

Image Credit: Justin Ridler

Image Credit: Justin Ridler

Ever increasing stock market volatility is pushing high wealth investors to consider alternative asset classes. Together with Evan Lowenstein, Director of Lowensteins, Alana Kushnir, Director of Guest Work Agency will be presenting on the taxation of art and collectables for the Tax Institute of Australia Breakfast Series, in Melbourne and Geelong.

This session explore art and other collectables from an investment perspective and will include:

  • An overview of the art market

  • The characterisation of art and collectables for tax purposes

  • Art and collectables acquisition tax structuring issues (including SMSFs, trusts, individuals, businesses, instant asset write-off)

  • Tax issues upon disposal (CGT / revenue / trading stock / special rules for collectables / GST)

  • Practical tips to consider when gifting art to an organisation registered on the Register of Cultural Organisations

Event details can be found here.