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Selling art with other income.

Elle122 · 2018-09-08 10:37:52

Hello looking for advice. I want to set up as a sole trader to sell some art that I make. I am wondering about tax exemptions if you have another strand of income (I teach). If your other income exceeds a certain amount are you still entitled to tax exemption? Am I still entitled to a tax exemption if making art is not my…

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08-09-2018 11:37am

#1
Elle122

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Join Date: September 2018

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Hello looking for advice. I want to set up as a sole trader to sell some art that I make. I am wondering about tax exemptions if you have another strand of income (I teach).
If your other income exceeds a certain amount are you still entitled to tax exemption?
Am I still entitled to a tax exemption if making art is not my sole income?
Any advice about setting up as a sole trader with the purpose of selling some art/art cards etc. would be greatly appreciated! Thank you.

Tagged:

art

sole trader

sole trader business vat

accounting advice

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#2 08-09-2018 1:44pm
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The tax exemption had very strict rules (you'll have to prove you're an artist), but I seem to remember it was only applicable to the income generated by your art, and even that was capped at a specific amount.

Your best option is to contact Revenue.

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