C2C1F2PART 15EMuseums and galleries exhibition tax relief
Pt. 15E modified by 2010 c. 4, s. 357UR(3) (as inserted (with effect in accordance with Sch. 6 para. 20 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 17)
Pt. 15E modified (temp.) (with application in accordance with s. 21(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 21(1)(4)
C1CHAPTER 3Museums and galleries exhibition tax relief
Companies qualifying for museums and galleries exhibition tax relief
1218ZCACompanies qualifying for museums and galleries exhibition tax relief
1
A company qualifies for museums and galleries exhibition tax relief in relation to the production of an exhibition if conditions A to D are met.
2
Condition A is that the company is—
a
the primary production company for the exhibition, or
b
a secondary production company for the exhibition.
3
Condition B is that the company is—
a
a charitable company which maintains a museum or gallery,
b
wholly owned by a charity which maintains a museum or gallery, or
c
wholly owned by a local authority which maintains a museum or gallery.
See section 1218ZCB for the interpretation of paragraphs (b) and (c).
4
Condition C is that at the beginning of the planning stage, the company intends that the exhibition should be public (within the meaning given by section 1218ZAA).
5
Condition D is that the F3UK expenditure condition is met (see section 1218ZCC).
6
For the purposes of subsection (3) “museum or gallery” includes—
a
a library or archive, and
b
a site where a collection of objects or works (or a single object or work) considered to be of scientific, historic, artistic or cultural interest is exhibited outdoors (or partly outdoors).
F16A
For the purposes of subsection (3), the fact that a person is responsible for an exhibition at a venue does not, by itself, mean that the person maintains a museum or gallery.
7
There is further related provision in section 1218ZCM (tax avoidance arrangements).
Pt. 15E inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3))