Instant Artwork Tax Write-off

It has been a beautiful week of soft sunshine and the beginnings of winter. Noosa has settled into its quieter period, and there is a new abundance of carparks and patches of sand to claim!! The end of the financial year is fast approaching, and the 2026 Federal Budget seeks to make permanent the instant asset write-off for small businesses. Known as the instant artwork write-off, it allows tax deductions for each purchase of art work up to $20,000. According to Michael Fox, Principal of Michael Fox Arts Accountant & Valuer, to qualify for the instant artwork write-off, each work should have the following characteristics: 1. tangibility 2. movability 3. purchased with the dominant purpose of display on a business premises 4. made by professional artists registered with an ABN We are happy to report that all art sold by The G Contemporary to businesses will meet these criteria, and we can advise on the best way to display your acquisition. Buying art for your business has never been easier; you not only gain financial advantages but also transform your working environment, creating a cultural ambience, style, and interest. Contact us today to discuss how your business can benefit from the instant asset write-off. Secure your artwork acquisition before 30 June 2026 and enhance your workspace for this financial year… Save the Date Echoes 2 July 2026 – 16 July 2026 A fabulous new collection of whimsical ceramic sculptures by Sunshine Coast ceramicist, Dai Li Opening Night Saturday 4 July 2026 5.30pm – 7.30pm Echoes Opening Night RSVP Request Preview Catalogue + read more