C1F1PART 15CTheatrical Productions
Pt. 15C modified (with application in accordance with s. 17(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 17(1)(4)
Amount of additional deduction
1217JA“Qualifying expenditure”
1
In this Part “qualifying expenditure”, in relation to a theatrical production, means core expenditure (see section 1217GC) on the theatrical production that—
a
falls to be taken into account under sections 1217IA to 1217IF in calculating the profit or loss of the separate theatrical trade for tax purposes, and
b
is not excluded by subsection (2).
2
The following expenditure is excluded—
a
expenditure in respect of which the company is entitled to an R&D expenditure credit under Chapter 6A of Part 3;
b
expenditure in respect of which the company has obtained relief under Part 13 (additional relief for expenditure on research and development).
Pt. 15C inserted (17.7.2014 for specified purposes and with effect in accordance with Sch. 4 para. 16 of the amending Act, 22.8.2014 in so far as not already in force) by Finance Act 2014 (c. 26), Sch. 4 paras. 1, 16; S.I. 2014/2228, art. 2