Taxing Fame

Run through a variety of tax issues for celebrities, social media influencers, & other individuals living la vie en rose!

In this session, we cover:

• Alienation of image rights

• How are sportspersons, artists, entertainers & social media influencers taxed?

• What happens if I incorporate?

  • PCG 2021/4 - Allocation of professional firm profits

• What to include in the income of a social media influencer

• GST consequences?

• Barter transactions

• Deductions

• Australia-USA Double Tax Agreement

• $600 threshold for social media businesses?

• Income derived & assessed

• Otherwise deductible rule

• Tying the provisions together

Date recorded: 17 September 2024