PROJECT ART GRANTS
Options
ldurdey
Registered Posts: 4
in Personal Tax
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
Thanks in advance
0
Comments
-
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 220
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.4K For AAT students
- 264 NEW! Qualifications 2022
- 144 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 45 AAT Level 3 Diploma in Accounting
- 66 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 268 VAT
- 90 Software
- 271 Tax
- 133 Bookkeeping
- 7.1K General accounting discussion
- 195 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 578 Job postings
- 16 Who can benefit from AAT?
- 35 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership