Tax Deductions for Artists

Some deductions that may be available to accountants include:

• Consumables such as clay, paints, canvas etc;

• Depreciation of large machines such as pottery wheels and kilns;

• Union fees and professional memberships;

• Management fees

Artists may also be entitled to general tax deductions that are not work specific, such as investment deductions or car expenses deductions. Business losses incurred by artists may be deductible against wage income in some circumstances. Artists should seek professional advice on this matter.