886Assets representing production expenditure on films: time of creationU.K.
This section has no associated Explanatory Notes
(1)In determining for the purposes of this Part whether an asset representing production expenditure on a film was created before 1 April 2002 or on or after that date, the asset is treated as created when the film is completed.
(2)In this section—
(a)“completed” has the same meaning as in Part 15 (see section 1181(5)),
(b)“film” has the same meaning as in that Part (see section 1181), and
(c)“production expenditure” has the same meaning as in that Part (see section 1184).