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Income Tax Act 2007

Income - Income from holding property (excluding equity)

CC 9B: Resale royalties

You could also call this:

“Money artists get when their work is sold again, and how it affects their income.”

When you receive a resale royalty for an original visual artwork, this section applies if you get the royalty under section 18 of the Resale Right for Visual Artists Act 2023. You also need to have the royalty as income from your business under section CB 1.

The amount of the resale royalty that the collection agency keeps under section 20 of the Resale Right for Visual Artists Act 2023 is treated as your income.

This means that the amount the agency retains is considered part of your income, and you need to include it when you work out your total income.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1426155.

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CC 9: Royalties, or

"Payments for using your property or rights are considered income"

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CC 9C: Amount of resale royalty retained by collection agency, or

"How much of the artist's resale royalty a collection agency can keep"

Part C Income
Income from holding property (excluding equity)

CC 9BResale royalties

  1. This section applies when—

  2. a person receives a resale royalty in respect of the resale of an original visual artwork under section 18 of the Resale Right for Visual Artists Act 2023; and
    1. the resale royalty is income of the person under section CB 1 (Amounts derived from business).

      1. The amount of the resale royalty retained by the collection agency under section 20 of the Resale Right for Visual Artists Act 2023 is treated as income of the person.

      Notes
      • Section CC 9B: inserted (with effect on 1 December 2024), on , by section 10 of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).