I’m not sure if many of you were aware of the recent tax deductions that are in place for the purchase of art for up to $20,000…?
At this point in time the federal government allows businesses turning over up to $2 million annually to claim against the instant asset write of scheme, meaning that you can receive a full deduction against an art purchase for up to $20,000 dollars for your business.
The exciting news for business owners and investors alike is that as of July 1st 2016, the federal government has announced they are raising the threshold to $10 million dollars.
What does this mean..? If there was any time to start a collection of high quality art, now is the time to do so!
Contact Anala Art Advisory for further information and discover how to add more value and professionalism to your business with an appreciating asset.
This is currently available for purchases up to June 30 2017, so act now.
“Start your collection for the future, today!