Material cost

How much did your materials cost?  Before you do anything else, you should consider your expenses in making the physical work and make sure to factor in covering them.  This will be your base on top of which you will add your artist fees and other costs.

Materials costs can in many cases be deducted from profits when calculating your tax.

© Medeia Cohan-Petrolino

This article is from the Artlaw Archive of Henry Lydiate's columns published in Art Monthly since 1976, and may contain out of date material.
The article is for information only, and not for the purpose of providing legal advice.
Readers should consult a solicitor for legal advice on specific matters, and artists in London can get free online legal advice from Artquest