Claim your artwork as a tax deduction in 2022

Did you know that you can claim your artwork as a tax deduction for your business?

With tax time approaching fast, now is the perfect opportunity to invest in some artwork for your office! We know it might seem too good to be true, but if you buy art for your business and meet the criteria guidelines, you can claim a tax deduction.

Regardless of why you bought your latest artwork, the Australian Taxation Office sees the artwork as both an investment and a depreciating asset. This means it may be claimed as a deduction. The amount you can claim will be determined by the size of your business and whether you are an employee.

If you work from home as an employee, you can also claim a deduction for your artwork up to the value of $300 as part of your home office expenditure! To make sure you are eligible please check with your accountant first.

Where can I purchase artwork from?

​If you want to take full advantage of claiming your office artwork but are unsure where to purchase, we can help! Our directory is filled with a variety of amazing Australian Made artists, here are a few to get you started:

Eggpicnic is a Canberra-based illustration studio devoted to wildlife conservation. Through their artwork, they capture the beauty of the natural world with the hope of inspiring others to protect it.

Little Rowan Redhead is a painter, printmaker and general compulsive maker who creates colourful and full of Australian wildlife and botanical motifs.

Glenn Martin is a Canberra-based photographer who specialises in the landscape and architecture of Canberra and Australia.

Edenwilde creates vibrant and colourful illustrations that feature birds, botanicals, abstract shapes, and pattern play.

La Source Australia’s artwork is inspired by Australia’s rich landscape and their French heritage.

Marrawuy Journeys is a contemporary Aboriginal Artist that creates meaningful and original artwork.