NEWS
Instant artwork write off to end on 30 June
The 2025 Federal Budget has brought to an end the decade-long ability of eligible small businesses to claim artwork purchases up to $20,000 as a 100% tax write-off.
The relief, first introduced on 12 May 2015 as part of the ‘Small Business Measures’ legislation, will cease on 30 June 2025.
Michael Fox featured on the Creative Kind Podcast
“In this episode of The Creative Kind, I talk with Michael Fox, an experienced Australian arts accountant and director of Fox Galleries, about tax and accounting issues specifically for artists…”
Michael Fox at Moore Contemporary, Perth with the Collectors Club
Michael presented ‘Pleasure & Pain: Parsing the Taxation of Art in Australia’ at Moore Contemporary, Perth as part of a panel of experts discussing art collection matters including Margaret Moore and Mark Stewart, Curator at Murdoch University.
FIVE x THREE EVENT
Celebrating Five Years on Wellington Street
Enjoy live music, a wine tasting, Al Poulet painting on his last day in residence, complimentary on-site valuations and Michael will present a session on the taxation of art.
Fine Art Valuations for Succession Events
Family law matters often involve fine art and collectibles. In some cases, family members have wildly differing notions of the value of these objects.
Michael Fox for Reckon
Our director, Michael Fox, had the pleasure of sitting down with Reckon to share his story working in the art industry and his position as an arts accountant.
During the valuation of the above work it was discovered to be by arist Roland Wakelin. And upon closer inspection, we revealed a hidden portrait verso.