100% Tax Deduction on Original Artwork Before 30 June 2026

Eligible Australian businesses with an aggregated annual turnover of less than $10 million may be able to immediately deduct the full cost of original artworks valued at up to $20,000 per piece when the artwork is acquired and installed ready for use in the business before 30 June 2026.

Importantly, the $20,000 threshold applies per artwork, not per business.

For example, if a business purchases three original artworks valued at $15,000 each, it may be able to claim an immediate deduction of $45,000 in the current financial year, subject to eligibility requirements and individual circumstances.

As tax laws are complex and vary between businesses, we recommend seeking advice from your accountant or registered tax adviser before making a purchase.

View online stockroom: https://www.studiogallerymelbourne.com.au/collections/original-artwork

Read more via ATO: https://www.ato.gov.au/forms-and-instructions/depreciating-assets-guide-2026

Please see link for eligibility and always seek advice from your tax professional