
Income from Only Fans content creation can have tax implications. The modern era and horribly long lockdowns has meant Only Fans has provided opportunities for some. Bored people or those just looking to make some fun, safe money at home.
As an Only Fans sole trader, tax implications may apply similar to those of a normal running business. A content creator, for example, sells sexy pictures on Only Fans. Tax deductions may include sex toys or edible laundry (if eaten on camera). Other deductions may include editing software and products such as lavender scented lubricants.
Do you use a portion of your residence to film and edit your sexy feet videos? If so you can potentially claim deductions on percentages of your rent and other utilities.
Only Fans is a UK based operation. Your first naughty pay will be UK derived. All that sexy money will be classified as foreign income and may attract tax. Check out the ATO rulings at https://www.ato.gov.au and seek advice early.