The 2025-26 Federal Budget, delivered yesterday (25 March) by the Treasurer, Dr Jim Chalmers, contains little in the way of new support for the Australian arts sector.
It also removes – as of 30 June 2025 – the ability of eligible small businesses to claim artwork purchases up to $20,000 as a 100% tax write-off, which was first introduced on 12 May 2015 as part of the Small Business Measures legislation. ArtsHub explores this issue, which was brought to our attention by Michael Fox (the Principal of Michael Fox Arts Accountant and Valuer and the Director of Fox Galleries) in a separate, stand-alone story.
