S
SeamusOShea
Guest
Wifey and I were discussing opening a small art gallery/cafe in a unit close to our house.
We were considering taking pictures on a sale or return basis, from artists and retaining a % of the sale price.
What are the tax implications?
We believe that artists in Ireland do not have to pay tax or VAT, so we presume that we would be paying them the full price of the sale, less our commission?
Woild we be classed in the same way, or would we be paying VAT or tax?
Can we consider a painting being sold for €100. We take €30 (30%) and pay the artist €70. How would we process the €30? All comments appreciated!
We were considering taking pictures on a sale or return basis, from artists and retaining a % of the sale price.
What are the tax implications?
We believe that artists in Ireland do not have to pay tax or VAT, so we presume that we would be paying them the full price of the sale, less our commission?
Woild we be classed in the same way, or would we be paying VAT or tax?
Can we consider a painting being sold for €100. We take €30 (30%) and pay the artist €70. How would we process the €30? All comments appreciated!