Income Tax (Trading and Other Income) Act 2005

253Lump sums paid to personal representatives for copyright etc.U.K.
This section has no associated Explanatory Notes

(1)A lump sum which is paid to the personal representatives of the author of a literary, dramatic, musical or artistic work as consideration for the assignment by them of—

(a)the copyright in the work, or

(b)the public lending right in the work,

is not a post-cessation receipt.

(2)A lump sum which is paid to the personal representatives of the designer of a design in which design right subsists as consideration for the assignment by them of that right is not a post-cessation receipt.

(3)For the purposes of this section it does not matter whether the whole or a part of the right is assigned.