Overview of the 2016 Federal Budget

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

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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Super art and the small business write-off measures – a strategy suggestion for SMSFs

By Michael Fox on 13/10/2015 in Small business, Valuation, Depreciation, Self-managed funds, Capital gains tax, Super art, Resale royalties

The depreciation provisions in the recently legislated Small Business Measures offers some super funds a tax-effective strategy to transfer their artwork investments to their members prior to a looming compliance deadline. From 1 July 2016, all artworks must comply with new display, storage, insurance and related-party requirement as the five year grandfathering clause in...

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In support of the ban to sell ivory and rhino horn objects

By Michael Fox on 5/4/2017 in Valuation

ban to sell ivory and rhino horn objects ...

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