Supporting Australian art - proposals to reform the taxation of artworks

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

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 Resale royalties, Valuation, Federal budget, Company tax, Family trusts, Innovation, Negative gearing, Artists, Super art, Superannuation, Taxation of the arts industries, GST

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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NAVA fair pay for artists campaign

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

fair pay ...

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What is income averaging and how do I apply?

By Michael Fox on 19/8/2017 in Income averaging, Individual tax returns, Taxation of the arts industries, Artists

It is not widely publicised, but Australia has a great taxation incentive for young people starting out in the creative industries – income averaging....

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