The Artist’s Resale Right Regulations 2006

Regulation 3(3)

SCHEDULE 1U.K.CALCULATION OF RESALE ROYALTY

1.  The resale royalty payable on the sale of a work shall be the sum of the following amounts, being percentage amounts of consecutive portions of the sale price—U.K.

Portion of the sale pricePercentage amount
From [F1£0 to £50,000]4%
From [F2£50,000.01 to £200,000]3%
From [F3£200,000.01 to £350,000]1%
From [F4£350,000.01 to £500,000]0.5%
Exceeding [F5£500,000]0.25%

Textual Amendments

Commencement Information

I1Sch. 1 para. 1 in force at 14.2.2006 in accordance with reg. 1(1)

2.  However, the total amount of royalty payable on the sale shall not in any event exceed [F6£12,500].U.K.

Textual Amendments

Commencement Information

I2Sch. 1 para. 2 in force at 14.2.2006 in accordance with reg. 1(1)

Regulations 7(4) and 10(3)

F7SCHEDULE 2U.K.COUNTRIES OUTSIDE THE EEA WHOSE NATIONALS MAY ENJOY RESALE RIGHT

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Textual Amendments