Answer

Digital economy · Creator

Creator expense deductions: what you can claim as a business

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  1. Facts

    As a creator with business income, you can deduct all expenses incurred wholly and exclusively for the purpose of business. This includes much more than most creators realise:

  2. Provisions and law

    • IT Act, Sec 34 (old 37
    • general business deductions) | Sec 30-36
  3. Analysis

    Fully deductible: Camera, lighting, microphone equipment (depreciation). Editing software subscriptions (Adobe, Premiere Pro). Studio rent or home office proportionate rent. Internet and phone bills (proportionate business use). Travel for brand shoots. Makeup/clothing specifically for shoots. Employee/editor salary. Prop purchases used in content.

  4. Conclusion

    1. Equipment: All cameras, lenses, lights, mics, tripods, drones, depreciation at 15%
    2. Software: Adobe CC, Canva Pro, scheduling tools, analytics tools, 100% deductible
    3. Internet: Monthly broadband, 50-100% depending on business use proportion
    4. Phone: Smartphone and plan, proportionate business use
    5. Studio: Rented studio time, or home office, 20-30% of home rent if dedicated space
    6. Travel: Any travel for shoots, brand events, conferences

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