A royalty/know-how payment is normally a payment made to writers, artists, inventors or owners of property. Each time the book, art, music or patent is used, the person is entitled to a royalty payment. A royalty is a payment for the right to use or distribute the books, music, invention or art.
TaxTim will help you:
Do Your Tax Return Easily
Tim uses your answers to complete your income
tax return instantly and professionally, with
everything filled in in the right place.