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 2Taxation of activities of film production company

Supplementary

1190Income from the film

1

References in this Chapter to income from the film are to any receipts by the company in connection with the making or exploitation of the film.

2

This includes—

a

receipts from the sale of the film or rights in it,

b

royalties or other payments for use of the film or aspects of it (for example, characters or music),

c

payments for rights to produce games or other merchandise, and

d

receipts by the company by way of a profit share agreement.

3

Receipts that (apart from this subsection) would be regarded as of a capital nature are treated as being of a revenue nature.