Favourable review saves tax exemption scheme for artists

A tax exemption scheme for struggling artists has been spared abolition by finance minister, Michael Noonan, following a favourable review of its value.

A report on the artists’ tax exemption, which is worth more than €5m to writers, composers, artists and sculptors, supported, on the balance of arguments, retention of the scheme.

The decision will come as a relief to members of the arts community who were concerned that it faced abolition.