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Artistic output is exempt from income tax (https://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/artists_exemption_from_income_tax.html#:~:text=Inc
by reillyse 6y ago
Artistic output is exempt from income tax (https://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/artists_exemption_from_income_tax.html#:~:text=Income%20earned%20by%20writers%2C%20composers,in%20Ireland%20in%20certain%20circumstances.&text=Earnings%20from%20these%20works%20are,which%20the%20claim%20is%20made https://www.citizensinformation.ie/en/money_and_tax/tax/inco....)
- disgruntledphd2 6y agoOnly up to a small amount yearly now. It used to be everything but they changed it a decade ago.
- dbspin 6y agoWorth nothing that this 'small amount' is 50,000 euro. Which is almost double the total income of the median fine artist or writer. Sources: Exemption - https://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/artists_exemption_from_income_tax.html# https://www.citizensinformation.ie/en/money_and_tax/tax/inco... Writers salary - https://www.irishtimes.com/culture/books/the-500-a-year-career-do-irish-writers-get-paid-enough-1.2965310 https://www.irishtimes.com/culture/books/the-500-a-year-care... Artist salary - https://www.glassdoor.ie/Salaries/artist-salary-SRCH_KO0,6.htm https://www.glassdoor.ie/Salaries/artist-salary-SRCH_KO0,6.h...
- disgruntledphd2 6y agoSure, but for Anne McCaffrey/many famous authors who moved to Ireland it's a really small amount. I agree with the cap, as people earning more than 50k p.a. from their arts don't need it.
- dbspin 6y agoAs a writer I do too. There are many issues with the scheme, primarily around the elements of 'writing' which are technically essential to making a living (teaching, talks etc), but not covered in the requirement that income be primarily from writing. That said, it shouldn't be an excuse for very wealthy people to use Ireland as a tax haven. We already get enough of that with the corporate tax rate.