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The Artist’s Resale Right Regulations 2006
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Draft Legislation:
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Artist’s Resale Right Regulations 2006 No. 346
Regulation 3(3)
SCHEDULE 1CALCULATION 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—
Portion of the sale price | Percentage amount |
|---|---|
| From 0 to 50,000 euro | 4% |
| From 50,000.01 to 200,000 euro | 3% |
| From 200,000.01 to 350,000 euro | 1% |
| From 350,000.01 to 500,000 euro | 0.5% |
| Exceeding 500,000 euro | 0.25% |
2. However, the total amount of royalty payable on the sale shall not in any event exceed 12,500 euro.
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