Assets excluded except as regards royalties: films and sound recordings
80(1)Except as regards royalties, this Schedule does not apply to an intangible fixed asset held by a company to the extent that it represents expenditure by the company on the production or acquisition of a master version of a film or sound recording.
(2)For this purpose “master version”—
(a)in relation to a film has the meaning given by section 40A(5) of the Finance (No. 2) Act 1992 (c. 48) (revenue nature of expenditure on master version of films); and
(b)in relation to a sound recording means a master tape or master audio disc of the recording.