Quote:
Originally Posted by JB80
Any idea of what the threshold is before it would be considered a business?
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From what I understand, it depends on the amount of income you get. Assuming you had no other source of income, I think our tax free threshold is around $10K (haven't looked recently), so anything under that is fine.
If you're a pensioner, other rules apply that could affect your pension.
If you've got other source(s) of income, then it gets murkier. It'll depend on whether the Tax Office sees what you're doing as being more than a hobby. Of course, at the point it's determined that your income in this area is taxable, you open up a huge world of tax deductions: your gear, your expenses in taking the shots (going to sites, processing images - software, etc, producing the pics, etc), etc. - plus essentially the stuff that revolves around running a small business...
However, unless you're likely to rake in thousands of dollars per year doing this, I doubt you'll have much to worry about.
Disclaimer: I'm no accountant - seek professional advice if required.