Finance Act 2005

Section 48 of the Finance (No.2) Act 1997 (c. 58)

10 (1) In section 48 of F(No 2)A 1997 (which modifies section 42 of F(No 2)A 1992 as it applies in relation to certain expenditure)—

(a) in subsection (2), for “Subject to subsection (3) below, this” substitute “This”,

(b) omit subsection (3), and

(c) omit subsections (4) and (5).

(2) Subject to sub-paragraphs (3) and (4), the amendments made by this paragraph are deemed to have come into force on 2nd December 2004.

(3) The amendments made by this paragraph do not have effect in relation to any claim for relief which is in respect of expenditure which relates to a film which had its first day of principal photography before that date.

(4) Those amendments also do not have effect in relation to any claim for relief which is in respect of pre-announcement expenditure only or expenditure which includes pre-announcement expenditure.

(5) In this paragraph “claim for relief” means a claim for relief under section 42 of F(No 2)A 1992 as modified by section 48 of F(No 2)A 1997.