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Income Tax Act 2007

Deductions - Specific rules for expenditure types

DB 69: Amount of resale royalty retained by collection agency

You could also call this:

“How much of your art resale royalty the collection agency can keep”

When you get a resale royalty under section 18 of the Resale Right for Visual Artists Act 2023, and section CC 9B applies to you, this section is about you. You can claim a deduction for the amount of the resale royalty that the collection agency keeps under section 20 of the Resale Right for Visual Artists Act 2023. This section is an extra part of the general rules that allow you to claim deductions.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1427416.

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Part D Deductions
Specific rules for expenditure types

DB 69Amount of resale royalty retained by collection agency

  1. This section applies to a person—

  2. who receives a resale royalty under section 18 of the Resale Right for Visual Artists Act 2023; and
    1. to whom section CC 9B (Resale royalties) applies.

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

      2. This section supplements the general permission.

      Notes
      • Section DB 69: inserted (with effect on 1 December 2024), on , by section 39 of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).