Tax Deductible Art for Small Business
Manyung Gallery Malvern
1 June - 30 June, 2017

Tax Deductible Art for Small Business

Until 30 June 2017, small businesses (with an annual turnover of less than $2-million) can take advantage of a 100% tax deduction on the purchase of artwork for their business to the value of $20,000 per item.

This forms part of the Federal Governments 2015 budget which allows small business to claim an unlimited number of tax deductions for equipment and other items valued at less than $20,000 each. There are however a few things to consider:

  • Artwork should be in a tangible form and able to be moved from one location to another (ie, painting, sculpture, works on paper, etc)
  • Artworks must be purchased with a dominant purpose of being displayed on business premises

Please note, as with the case of all major capital investments in your business, it is wise to speak to a tax professional first before making any decisions.

 
Festive Journey Bruce Earles
Festive Journey
oil on canvas
100 x 150 cm
 
Wishing and Fishing Bruce Earles
Wishing and Fishing
oil on canvas
100 x 150 cm
 
Cargo Crew Bruce Earles
Cargo Crew
oil on canvas
60 x 60 cm
SOLD
 
The Parade Bruce Earles
The Parade
oil on canvas
60 x 60 cm
 
Spirit of Australia Colin Passmore
Spirit of Australia
acrylic on canvas
170 x 200 cm
SOLD
 
Weyba Way Colin Passmore
Weyba Way
acrylic on canvas
140 x 140 cm
SOLD
 
Sunset Stalker Henryk Szydlowski
Sunset Stalker
oil on canvas
21 x 25 cm
 
Hot Night Stalkers Henryk Szydlowski
Hot Night Stalkers
oil on canvas
21 x 25 cm
SOLD
 
Blue Stalkers Henryk Szydlowski
Blue Stalkers
oil on canvas
21 x 25 cm
 
Colourful Dreamer Henryk Szydlowski
Colourful Dreamer
oil on canvas
75 x 60 cm
 
Looking John Lendis
Looking
Acrylic, Ink & Gold leaf on Paper
Framed size 97 x 76
76 x 56 cm
Framed
 
The River John Lendis
The River
oil on canvas
100 x 110 cm
 
The lady of shallot John Lendis
The lady of shallot
oil and gold leaf on canvas
100 x 110 cm
SOLD
 
On show John Lendis
On show
Acrylic, Ink & Gold leaf on Paper
Framed size 97 x 76
76 x 56 cm
Framed
 
Through The Mist III Yarra Ranges Lee Wise
Through The Mist III Yarra Ranges
oil on canvas
50 x 118 cm
 
Tree Line II Lee Wise
Tree Line II
oil on canvas
100 x 100 cm
 
Dark Waters 4 Lee Wise
Dark Waters 4
oil on canvas
100 x 100 cm
 
Christbel blackman artist Christabel Blackman
Cat Nap
ceramic
40 cm
 
Frequent Flyer Stephen Glassborow
Frequent Flyer
Bronze on granite
35 cm
 
Carousel Stephen Glassborow
Carousel
Bronze on granite
58 cm
 
Donal Molloy Drum Donal Molloy Drum
Ancient
Stainless Steel & Plywood veneer
56 x 54 x 12 cm
 
Gorge and Creek Greg Mallyon
Gorge and Creek
acrylic on board
65 x 94 cm
 
Waterhole near Glen Helen Gorge Greg Mallyon
Waterhole near Glen Helen Gorge
Etching on paper
53 x 43 cm
SOLD
 
Waterhole Kings Canyon Greg Mallyon
Waterhole Kings Canyon
Etching on paper
53 x 43 cm
SOLD