When to pay income tax
Artists can receive money from many different sources, e.g. grants, awards and bursaries, as well as earnings from freelance or other employment.
For tax purposes it is important to understand when such monies will be treated as income and therefore subject to income tax.
This section can be read in tandem with the Tax section on the main Artquest site, including links to accountants and other information.
The articles in this section focus on:
- Self-employment and other employments
- Prizes and grants
- Taxation of grants and awards
This article is from the Artlaw Archive of Henry Lydiate's columns published in Art Monthly since 1976, and may contain out of date material.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
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