Small Business owners can benefit from the Australian Government's instant asset write-off if they purchase artwork before 30 June 2026.
Thanks to the extension of this scheme, the ATO allows businesses to claim an immediate 100% tax deduction at the end of each financial year on any artworks purchased for display within your business.
You can hang artworks in your reception, in a boardroom, offices, or anywhere where they will improve your working environment. If you have a small business this a great time to add some art to your work environment.
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*All advice is general. Be sure to consult an accountant to ensure your small business is able to claim this tax deduction.
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