Artist’s Tax Exemption Information

7th September 2009 by Maura McHugh

I reported recently on the recommendation in the latest report by the Commission On Taxation to scrap the Artist’s Tax Exemption.

Since our members are most likely in the process of petitioning their government representatives I thought it useful to inform everyone that there is a .pdf copy online of the 550-page report.

To save anyone wading through the document I can point out that the part in relation to the Artist’s Tax Exemption is a mere two lines on page 27:

8.98 The artist’s exemption should be discontinued; consideration should be given to introducing income averaging in the taxation of income from creative work.

It’s astonishing how such a bald statement can impact so many lives so severely.

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