Show download pdf controls
  • K Non-residential real property

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention
    Did the SMSF own any Australian non-residential real property?

    No

    Leave K blank. Go to L.

    Yes

    Read on.

    Write at K the value (on 30 June 2019) of the SMSF's non-residential real property that is located in Australia.

    Do not include at K non-residential real property that is held on trust under a limited recourse borrowing arrangement (write the value of these at J2).

    L Residential real property

    Did the SMSF own any Australian residential real property?

    No

    Leave L blank. Go to M.

    Yes

    Read on.

    Write at L the value (on 30 June 2019) of the SMSF's residential real property that is located in Australia.

    Do not include at L residential real property that is held on trust under a limited recourse borrowing arrangement (write the value of these at J1).

    M Collectables and personal use assets

    Did the SMSF own any collectables or personal use assets?

    No

    Leave M blank. Go to O.

    Yes

    Read on.

    Write at M the total value (on 30 June 2019) of the SMSF's collectable and personal use asset investments.

    Collectable and personal use asset include:

    • artwork
    • jewellery
    • antiques
    • artefacts
    • coins, medallions and bank notes
    • postage stamps and first day covers
    • rare folios, manuscripts and books
    • memorabilia
    • wine and spirits
    • motor vehicles
    • recreational boats
    • memberships of sporting and social clubs.

    Artwork includes a painting, sculpture, drawing, engraving or photograph or a reproduction of one of these things and any property of a similar description or use.

    Coins and bank notes are collectables if their value exceeds their face value.

    Spirits can include (but is not limited to) whiskey, gin, vodka, tequila, brandy and rum where their purchase is considered an investment.

    Do not include collectables and personal use assets that are held on trust under a limited recourse borrowing arrangement at M (write the value of these at J6).

    O Other assets

    Did the SMSF own any other assets that are located in Australia?

    No

    Leave O blank. Go to 15c.

    Yes

    Read on.

    Write at O the value (on 30 June 2019) of the SMSF's other assets that:

    • are located in Australia, and
    • were not included at A to M.

    Include the value of derivatives at O.

    Do not include instalment warrants at O. Include them at J1 to J6.

    Last modified: 03 Oct 2019QC 58668