Aboriginal Original Art Lookbook 2023
ARTWORK AND TAX TIME
You may be eligible to claim your artwork as an instant deduction on your tax return. In the Australian Tax Office’s eyes, artwork is both an investment and a depreciating asset. If you operate a small business from either a commercial office or at home office location, you may be eligible to claim 100% instant asset write-off on artworks.
Individual circumstances apply, so we recommend speaking with your tax professional. For a full explanation of the taxation specifics please view the Australian Taxation Office website.