Part 15

Film production
Chapter 2

Taxation of activities of film production company

Supplementary

Income from the film
1190
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.
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))