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The Independent Film Tax Credit Explained: UK Rates, Eligibility and How to Claim

12 August 2026

The Independent Film Tax Credit (IFTC) is an enhanced 53% rate of Audio-Visual Expenditure Credit for low-budget British films, worth roughly 39.75% net after tax. It only applies to the first £15 million of a film’s core expenditure, films must not exceed £23.5 million in total core spend, and the production needs a UK lead writer, UK lead director, or official co-production status on top of passing the standard BFI cultural test.

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Artist Resale Rights in the UK: Royalty Rates, Who Pays and How the Income Is Taxed

11 August 2026

Artist resale rights pay you a royalty whenever one of your original works is resold for £1,000 or more through a gallery, dealer or auction house. Rates run from 4% down to 0.25% on a cumulative scale, capped at £12,500 per sale, and you collect through DACS or ACS rather than invoicing the trade yourself. The money is taxable income but sits outside the scope of VAT, and the right keeps paying your heirs for 70 years after your death.

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