If you're a business owner, be sure not to miss out on a valuable tax benefit to invest in artwork for your space that expires on June 30, 2025. Originally introduced in 2015 as part of the Small Business Measures legislation, this decade-long initiative enables eligible small businesses to claim the full cost of artworks valued at under $20,000 as an instant tax deduction through the Instant Asset Write-Off scheme.
Now is the perfect time to seize this great opportunity and infuse life and colour into your office, workspace, or business with artwork from local artists. In this article, we will cover all the information you need to make the most of this limited-time offer, as well as details of how we can showcase any artwork in our gallery on your walls at no cost.
Understanding the Instant Asset Write-Off for Art Purchases.
The Australian Government states that any small businesses with an annual turnover of less than $10 million can immediately deduct eligible assets costing under $20,000 until 30 June 2025. Under these guidelines, this means you can claim the full cost of eligible artwork purchases.
2024–2025 Guidelines:
- Deduction limit: $20,000 per asset.
- Eligibility: Businesses with a turnover under $10 million.
- Period: Artwork must be purchased and installed by June 30, 2025.
- Applies to: Tangible assets used in business operations — including original artworks.
For more details, visit the ATO's website.
What Changes Are Being Made To The Scheme?
From 1 July 2025, the instant asset write-off threshold will decrease from $20,000 to just $1,000. This means small businesses will no longer be able to immediately deduct the full cost of assets over $1,000 in the year of purchase. Instead, these assets will need to be depreciated over time using either the ATO’s effective life depreciation rates or simplified small business pooling rules. This change significantly reduces the upfront tax benefit for higher-value purchases like artwork.
What Kind Of Artwork Is Eligible?
To claim a tax deduction on artwork bought for your office, the ATO specifies that the artwork must meet four criteria to qualify for the instant asset write-off.
The artwork must be:
- Tangible;
- Capable of being moved;
- Purchased with the dominant purpose of display in a business premise; and
- Not be trading stock.
Please note that the above criteria do not include NFTs (non-fungible tokens) to be claimed as an art tax deduction.
The great news is that all of my artwork meets these requirements, so let's find the perfect piece of artwork for your space before the deadline!
Pictured above: Ethereal Winds (150cm x 120cm) and First Light (175cm x 58.3cm with Oak Float Frame) installed for Cavills Steakhouse & Rooftop Bar
The Benefits of Investing In Artwork For Your Business
Turn First Impressions Into Lasting Impact
Your space often serves as a first impression. Clients, partners, and staff form opinions within seconds of walking through the door — and fine art helps to establish the tone. A bold, thoughtfully curated collection of artworks conveys that your business values excellence, creativity, and attention to detail. It opens conversations and leaves a lasting impression on anyone who spends time in your space.
Made To Last A Lifetime
Displaying art isn't just about the image — it's about how it's presented. All Marc James artworks are printed using one of the most advanced printing methods available today: aluminium dye sublimation. This technique infuses vibrant inks directly into a specially coated white aluminium sheet using high heat and pressure. The result? A sleek, ultra-modern finish with unmatched brightness, depth, and clarity — almost as if it's backlit.
Each piece floats elegantly off the wall thanks to a hidden rear frame, giving the work a clean, sophisticated edge that suits any modern business interior. This isn’t just wall art — it’s a talking point, a centrepiece, and a professional statement.
Investment Into The Future
Most small business expenses lose value over time. But investing in original, limited-edition artwork is different. When you choose pieces from emerging or mid-career artists, you're not just decorating a space — you're building a collection that can appreciate in value.
Unlike mass-produced prints or stock imagery, fine art carries a story, a signature, and a sense of rarity. It’s a tangible asset that reflects your taste and becomes part of your brand’s identity. As my limited-edition works sell out, their scarcity increases their value — and once they're gone, they're never released again.
Disclaimer: The information provided is not intended as legal or financial advice. Marc James Gallery disclaims any liability for actions taken based on this content. We recommend consulting a qualified accountant or financial advisor to assess your specific situation and determine the best course of action for you.
