Did you know that Art is a tax write-off?
If you are a small business operating out of a commercial office or home office location you may be eligible to claim a 100% write off on artworks worth up to $150,000, per piece. The artwork must have been installed or first used between 12 March 2020 up to 30 June 2021.
If you are not a small business, but had to relocate to work at home during COVID-19 you may also be able to claim on artworks.
We advise that you check with the ATO website or with your accountant to confirm and legitimise your claim.