[F1808CAssets representing expenditure incurred in course of separate theatrical tradeU.K.
This section has no associated Explanatory Notes
(1)This Part does not apply to an intangible fixed asset held by a theatrical production company so far as the asset represents expenditure on a theatrical production that is treated under Part 15C as expenditure of a separate trade (see particularly sections 1217H and 1217IE).
(2)In this section—
“theatrical production” has the same meaning as in Part 15C (see section 1217FA);
“theatrical production company” means a company which, for the purposes of that Part, is the production company in relation to a theatrical production (see section 1217FC).]
Textual Amendments
F1S. 808C inserted (with effect in accordance with Sch. 4 para. 17 of the amending Act) by Finance Act 2014 (c. 26), Sch. 4 paras. 10, 16; S.I. 2014/2228, art. 2