Supporting Australian art - proposals to reform the taxation of artworks

By Michael Fox on 10/11/2016 in Super art, Taxation of the arts industries, Artwork tax deduction, Superannuation, Self-managed funds, Capital gains tax, Artists

The super art laws are consistent with the original intent of the CGT rules in deterring speculation in art – but the impact on the livelihood of artists from these changes warrants reform to the taxation of artwork. Proposals to provide taxation incentives for artists should be made where it is also beneficial for the integrity and efficiency of the Australian taxation...

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Overview of the 2016 Federal Budget

By Michael Fox on 23/5/2016 in Company tax, Family trusts, Resale royalties, Innovation, Valuation, Negative gearing, Federal budget, GST, Superannuation, Artists, Super art, Taxation of the arts industries

The government was elected in 2013 without an arts policy and it has run an almost full term without being able to enunciate one. In the Tony Abbott era, no direct tax measures for the arts were announced and the model of peer-reviewed grants funding, based on the 2002 Myer Report, endorsed by John Howard and supported by the Rudd-Gillard administrations, was overturned. T...

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There has never been a more exciting time not to be an employee

By Michael Fox on 20/4/2016 in Car expenses, Non-commercial losses, Company tax, Resale royalties, Negative gearing, Federal budget, Superannuation, Artists

The Federal Budget is less than a month from being announced, however it is becoming apparent the policy direction of the Turnbull government is moving towards granting tax concessions to business at the expense of time-honoured employee tax deduction rights. 2016 has already witnessed unruly speculation over broadening the base and/or rate of the GST; changes to the neg...

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Joy FM Podcast - Fox Galleries - Mekong Lights

By Michael Fox on 19/12/2016 in Artwork tax deduction, Artists

Listen to Michael Fox talk about the Jim Ulrich exhibition held at Fox Galleries and provide information about investing in art....

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NAVA fair pay for artists campaign

By Michael Fox on 7/2/2017 in PAYG tax withholding , Voluntary agreements , Artist fees , Taxation of the arts industries, Artists, Superannuation

fair pay ...

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