Part 15

Film production
Chapter 2

Taxation of activities of film production company

Separate film trade

Activities of film production company treated as a separate trade
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1
This Chapter applies for corporation tax purposes to a company that is the film production company in relation to a film.
2
The company's activities in relation to the film are treated as a trade separate from any other activities of the company (including any activities in relation to any other film).
3
In this Chapter the separate trade is called “the separate film trade”.
4
The company is treated as beginning to carry on the separate film trade—
a
when pre-production begins, or
b
if earlier, when any income from the film is received by the company.
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))