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 AUD 150,000 ALLOWED per artwork


Small to medium-sized businesses with an annual turnover of less than $500 million qualify for the Instant Asset Write-off scheme. The Australian Taxation Office has stated that an artwork is eligible for tax deduction if it is:

  • Tangible

  • Purchased principally for a small to medium-sized business premise

  • Capable of being moved

  • Not be trading stock.

The ATO considers artworks as an investment and depreciating asset when bought by and for businesses. This makes purchasing art for your workspace under the Instant Asset Write-off scheme 100% tax deductible. Following the Budget Stimulus Package announced by the Prime Minister, there’s no limit to the number of artworks costing less than

AUD 150,000 to claim a tax deduction at the end of the financial year.

Deadline Changes

It is the customer / buyer responsibility to check for any changes to the Instant Asset Write-Off Scheme availability, timing and financial deductibility. 


Outside of Australia check your local tax deductible options.

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