CTA 2009
This section has no associated Explanatory Notes
10In Part 8 of CTA 2009 (intangible fixed assets), in Chapter 10 (excluded assets), before section 809 insert—
“808CAssets representing expenditure incurred in course of separate theatrical trade
(1)This Part does not apply to an intangible fixed asset held by a theatrical production company so far as the asset represents expenditure on a theatrical production that is treated under Part 15C as expenditure of a separate trade (see particularly sections 1217H and 1217IE).
(2)In this section—
“theatrical production” has the same meaning as in Part 15C (see section 1217FA);
“theatrical production company” means a company which, for the purposes of that Part, is the production company in relation to a theatrical production (see section 1217FC).”