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Thread: Artists Exemption - Section 195 Taxes Consolidation Act, 1997. Is it justified?

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    Politics.ie Member Astral Peaks's Avatar
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    Default Artists Exemption - Section 195 Taxes Consolidation Act, 1997. Is it justified?

    Section 195 Taxes Consolidation Act 1997 empowers the Revenue Commissioners to make a determination that certain artistic works are original and creative works generally recognised as having cultural or artistic merit.

    The first €40,000 per annum of profits or gains earned by writers, composers, visual artists and sculptors from the sale of their work is exempt from income tax in Ireland in certain circumstances.

    The €40,000 limit was introduced in the tax year 2011.

    So do posters think that it is still a valid relief to offer to the struggling artists of Ireland, for their original and creative works?
    Some of those who have availed of it are listed below, but bear two things in mind here:

    1. The Exemption is for Original and Creative works!

    2. This is just a selection from the "Book or other writings" category, Music, Sculpture, Plays etc are not included.

    Ahern Bertie Bertie Ahern The Autobiography
    Ahern Cecelia Ps I Love You
    Bird Charlie This Is Charlie Bird
    Bradley Martin The Archives of the IRFU
    Casey Ronan Joe Dolan: The Authorised Biography
    Corry Eoghan An Illustrated History Of The GAA
    Coughlan Mary Bloody Mary, My Story
    Darcy Fergus A. Remembering The War Dead: British Commonwealth And International War Graves In Ireland Since 1914
    Egleston Niall Book - "Egleston Bros Photography 1904-2004 A History In Limerick"
    Fanning Dave The Thing is...
    Gilmore Tom Larry Cunningham A Showband Legend
    Hearne John Would The Real Gerry Ryan Please Stand Up?
    Higgins Tom A history of tennis in Ireland Vols 1-3
    Hook George George Hook-time Added On
    Kelly Very Rev. Declan Meadow Of The Miracle, A History Of The Diocese Of Clonfert
    Leahy Deirdre Scriptwriting For Rte's "Fair City" Series
    Monin Lydia Around New Zealand With 80 Authors
    Mullooly Ciaran Death On Holy Thursday, The Shooting Of John Carthy In Abberylara
    O Gara Ronan Ronan O'gara My Autobiography
    Quinn Ruairi Straight Left-a Journey In Politics
    Rock Richard Always Me, Dickie Rock

    So there ye go, some fine creative titles there. Full list at:
    Artists Exemption - Section 195 Taxes Consolidation Act, 1997


    "Don't need a whore, I don't need no booze, don't need a virgin priest."

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    Politics.ie Member Astral Peaks's Avatar
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    Unashamed bump!
    "Don't need a whore, I don't need no booze, don't need a virgin priest."

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    Politics.ie Member Spanner Island's Avatar
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    Original and Creative... suggests works of some sort of artistic ability, skill, imagination, talent and relevance... whether it's a book of fiction or a painting or a song or whatever...

    Factual books including auto biographies which basically state history on whatever level should not be included... imo

    TBH I think the entire thing should be looked at again... from scratch... because I somehow doubt when it was introduced initially that anyone imagined people would be making anything like the kind of money U2, Enya and many others are raking in...

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    Politics.ie Member Astral Peaks's Avatar
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    Quote Originally Posted by Spanner Island View Post
    Original and Creative... suggests works of some sort of artistic ability, skill, imagination, talent and relevance... whether it's a book of fiction or a painting or a song or whatever...

    Factual books including auto biographies which basically state history on whatever level should not be included... imo

    TBH I think the entire thing should be looked at again... from scratch... because I somehow doubt when it was introduced initially that anyone imagined people would be making anything like the kind of money U2, Enya and many others are raking in...
    Have a look at the music section of that list, no U2 obviously as that is all offshore in Holland, but not many well known names there either. Best known that I can see is Rodrigo Sanchez.
    "Don't need a whore, I don't need no booze, don't need a virgin priest."

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    Politics.ie Member truthisfree's Avatar
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    Bertie Ahern The Autobiography


    Says it all there, should be scrapped completely imo....honestly do not see the point of it.

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    Politics.ie Member Heligoland's Avatar
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    Does any other country have anything like this for artists?

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    Politics.ie Member Astral Peaks's Avatar
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    Quote Originally Posted by Heligoland View Post
    Does any other country have anything like this for artists?
    Beyond normal deductibles for materials etc, I'm not sure.
    "Don't need a whore, I don't need no booze, don't need a virgin priest."

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    Politics.ie Member Astral Peaks's Avatar
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    Quote Originally Posted by Heligoland View Post
    Does any other country have anything like this for artists?
    Quote Originally Posted by Astral Peaks View Post
    Beyond normal deductibles for materials etc, I'm not sure.
    The UK allows averaging of profits for creators of literary or artistic works, but that hardly equates to this, hence Irving Welsh and others relocating to Ireland.

    http://www.hmrc.gov.uk/helpsheets/hs234.pdf
    "Don't need a whore, I don't need no booze, don't need a virgin priest."

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    Quote Originally Posted by Astral Peaks View Post
    Unashamed bump!
    AP, this is a tabloid site, not a place for serious discussion.
    I have no money, but I love my life.

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    Politics.ie Member Astral Peaks's Avatar
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    Quote Originally Posted by ShoutingIsLeadership View Post
    AP, this is a tabloid site, not a place for serious discussion.
    My apologies, I was mistaken.
    "Don't need a whore, I don't need no booze, don't need a virgin priest."

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