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V
victordavison93
April 15, 2025
Question

What type of Royalty is NIL payments

  • April 15, 2025
  • 1 reply
  • 0 views
Are Name, Image and Likeness payments considered intellectual property?

    1 reply

    PatriciaV
    PatriciaV
    Employee
    April 16, 2025

    Yes, the legal right to control a person's name, image and likeness qualifies as an intangible asset similar to intellectual property. NIL payments are considered royalties from intellectual property for tax purposes.

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