Section 1184: “Production expenditure”, “core expenditure” and “limited-budget film”
3014.This section defines the terms “production expenditure”, “core expenditure” and “limited-budget film”. It is based on section 34 of FA 2006.
3015.Limited-budget films are eligible for more generous reliefs than other films (see sections 1200(3) and 1202(3)). To reduce the risk of exploitation by arrangements involving connected parties, subsection (3) substitutes, in certain cases, (greater) arms length prices in determining whether a film is a limited-budget film.