What tax deductions are available for artists in Australia if you are carrying on business as sole trader with ABN includes wide range of expenses you can claim against income. You can claim art materials like canvas, paint, brushes, clay, inks, paper, printing and framing costs 100%. Studio rent if dedicated studio, or home studio running costs at $0.67 per hour plus portion of electricity, internet, phone and insurance. Insurance including public liability, professional indemnity and fine art insurance is deductible. Marketing costs like website hosting, domain, Instagram ads, business cards, photography of artwork and portfolio printing. Gallery commissions, exhibition entry fees and art fair fees. Professional development like workshops, courses, books, art magazines and museum entry for research. Travel costs to galleries, exhibitions and to buy materials at cents per km $0.85 per km up to 5,000km or logbook method, plus airfares for exhibitions. Car expenses portion for business. Phone and internet portion. Accounting, legal and membership fees for NAVA and guilds. Courier and postage for shipping artworks. Equipment over $300 like easel, kiln, pottery wheel, computer, camera is depreciated over effective life, but under instant asset write-off for small business turnover under $10M, assets under $20,000 can be claimed 100% immediately in 2024-2025. You cannot claim personal living costs. Keep receipts, diary and logbook. If turnover under $75K, GST registration optional, but you can still claim deductions.
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