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If there are no gains, the option is to release it or value it as nil and let someone else do it. So it's up to the owner of the copyright and I see no real unr
by consp 5y ago
If there are no gains, the option is to release it or value it as nil and let someone else do it. So it's up to the owner of the copyright and I see no real unrealized gains tax.
- samwillis 5y agoSay you own the copyright on an old film you made, but are doing nothing with it (and making practically nothing) but plan to in the future (you have a plan to in say 10 years time). You are projecting that the value of the IP is something based on what you plan to do with it. So it is 100% a tax on unrealised gains. I complexly understand why some people will not be sympathetic to this.