While the 2015 Federal Budget has had controversial outcomes for arts organisations, there is one glimmer of light in the fray.
The concessions the Government is offering small businesses may allow them to buy art from living Australian artists, providing opportunities both for artists who sell their work and for arts businesses that would like to buy.
From 12 May 2015 to 30 June 2017, small businesses (with the annual turnover of less than $2,000,000) can claim a complete write-off of business assets. There is an an individual threshold of $20,000 for each asset and the assets must be used in some way in relation to the business.