C1Part 15Film production

Annotations:
Modifications etc. (not altering text)
C1

Pt. 15 applied (with modifications) by S.I. 2007/1050, regs. 3-12 (as amended (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 2 para. 131 (with Sch. 2 Pts. 1, 2))

Chapter 4Film losses

1208Application of sections 1209 and 1210

1

Sections 1209 and 1210 apply to a company that is the film production company in relation to a film.

2

In those sections—

  • “the completion period” means the accounting period of the company—

    1. a

      in which the film is completed, or

    2. b

      if the company does not complete the film, in which it abandons film-making activities in relation to the film,

  • “loss relief” includes any means by which a loss might be used to reduce the amount in respect of which the company, or any other person, is chargeable to tax,

  • “pre-completion period” means an accounting period of the company before the completion period, and

  • “the separate film trade” means the company's separate trade in relation to the film (see section 1188).