Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Income from holding property (excluding equity)

CC 10: Films

You could also call this:

“Income from rights or interests in films”

This law is about income from films. It applies when you have rights or interests in a film, a print of the film, publicity material for the film, or any other tangible asset related to the film.

These rights or interests can include copyright in the film, licences related to the copyright, equitable rights in the copyright or licences, other rights in the film, or rights to income from renting, selling, using, or exploiting the film.

If you have these rights or interests, certain amounts are considered your income. This includes money you receive or are owed for:

  • Using the film or allowing others to use it
  • Giving someone a licence for a future right in the film
  • Selling some or all of your rights or interests in the film
  • Assigning a right or interest in the film to someone else
  • Assigning the right to make money from using a right or interest in the film

Any money you make from renting, selling, using, or exploiting the film in other ways is also considered your income.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512528.

Topics:
Money and consumer rights > Taxes
Previous

CC 9: Royalties, or

“Payments for using your property or rights are considered income”

Next

CC 11: Lessee acquiring lease asset on expiry of term of lease, or

“Paying tax when you sell something you bought after leasing it”

Part C Income
Income from holding property (excluding equity)

CC 10Films

  1. This section applies when a person has a right or interest of any of the kinds described in subsection (2) in or to—

  2. a film; or
    1. a print of the film; or
      1. publicity material for the film; or
        1. any other tangible asset relating to the film.

          1. The right or interest is a right or interest, including a future or contingent right or interest, of any of the following kinds:

          2. copyright in the film:
            1. a licence relating to the copyright:
              1. an equitable right in the copyright:
                1. an equitable right in a licence relating to the copyright:
                  1. any other right existing in or attaching to the film:
                    1. a right to income, or a share of income, from the rental, sale, use, or other exploitation of the film.

                      1. The following amounts are income of the person:

                      2. an amount received or receivable by the person for—
                        1. the use of, or the right to use, the film or a right or interest in a right in the film:
                          1. the granting of a licence for a future right in the film:
                            1. the disposal of some or all of a right or interest in a right in the film:
                              1. the assignment of a right or an interest in a right:
                                1. the assignment of a right to derive income from the use of a right or interest; and
                                2. an amount derived by the person from the rental, sale, use, or other exploitation of the film.

                                  1. Repealed
                                  Compare
                                  Notes
                                  • Section CC 10(4) heading: repealed, on , by section 5 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
                                  • Section CC 10(4): repealed, on , by section 5 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).