Highly regarded accountancy practice Lowensteins Arts Management has confirmed that the recently announced Government Tax Break for asset purchases can be applied to the purchase of new artwork by a professional artist.  As long as the artwork costs more than $1,000, the purchaser is a small business with a turnover of under $2million per year and the NEW artwork is purchased prior to December 31st 2009, then the purchaser can qualify for the investment allowance of up to 50% for the 2009 income tax year.  For more information, contact AAFA.