Finance Act 2006

Introduction U.K.

1 (1) Film tax relief is available in accordance with this Schedule in respect of expenditure on a film— U.K.

(a) that qualifies for the relief (see section 38), and

(b) that commences principal photography on or after [F1 1st January 2007] .

(2) References in this Part of this Schedule to the trade of a film production company are to the trade that it is treated as carrying on under Schedule 4.

Textual Amendments

F1 Words in Sch. 5 para. 1(1)(b) substituted (29.12.2006) by The Finance Act 2006, Section 53(2) (Films and Sound Recordings: Power to alter Dates) Order 2006 (S.I. 2006/3265), {art. 2}