Commentary

B5.311 Receipts of authors and other creative professionals

Business tax
Business tax | Commentary

B5.311 Receipts of authors and other creative professionals

Business tax | Commentary

B5.311 Receipts of authors and other creative professionals

It has been held in many cases that when authors, playwrights and other creative professionals dispose of copyright or other rights in their work they are assessable to income tax on the proceeds as trading income. These cases are discussed in B5.314. The rules for payments actually receivable after 5 April 2001, are described in B5.326–B5.328.

However, in some cases where the taxpayers have been able to show that they acquired intellectual property as an investment, they have not been assessed to income tax on the proceeds of sale1. The taxpayers concerned became

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