PROJECT ART GRANTS

ldurdey
ldurdey Registered Posts: 4
Hello all, i was wondering if anyone had dealt with art grants before? Are they classed as taxable income? I have read some conflicting articles and it appears to be a grey area, so i just wanted to know if anyone has experience of doing artists self assessment before that have involved grants.
Thanks in advance

Comments

  • Pian32
    Pian32 Registered Posts: 474 Dedicated contributor 🦉
    Hi Idurdey grants can be taxable but a lot of it depends can depend on the grant (if not taxablity then timing)

    Can I suggest you try reposting your question here:- https://forums.aat.org.uk/Forum/categories/tax

    Although I've dealt a little with grants I haven't done any in the arts so am unfamiliar with any conditions attached to them.
    AAT Level 4, MAAT
    ACCA in progress
    F4- Passed Aug 2020
    F5- Passed Dec 2020
    F6- Passed Sep 2020
    F7- Passed June 2021
    F8 - Passed Sep 2021
    F9 - Passed June 2021

    SBL -
    SBR - Passed Mar 22
    ATX - Passed Dec 21
    APM - Passed June 22
Privacy Policy