John Wolseley
John Wolseley

February 20, 2024

Resale royalty – estates, beneficiaries, and the acquisition date

One of the criteria that determines if a resale is eligible for a royalty payment is when the owner of the work acquired it.  If an artwork existed as at 9 June 2010 (the start of the scheme), there is no royalty payable on the first resale of that work. This means that a person […]