[F11217QCIncome from the productionU.K.
(1)References in this Chapter to income from a production of a concert or concert series are to any receipts by the company in connection with the production or exploitation of the concert or concert series.
(2)This includes—
(a)receipts from the sale of tickets or of rights in the concert or concert series;
(b)royalties or other payments for use of the concert or concert series;
(c)payments for rights to produce merchandise;
(d)receipts by the company by way of a profit share agreement.
(3)Receipts that (apart from this subsection) would be regarded as being of a capital nature are treated as being of a revenue nature.]
Textual Amendments
F1Pt. 15D inserted (with effect in accordance with Sch. 8 para. 17(1)(a) of the amending Act) by Finance Act 2016 (c. 24), Sch. 8 para. 1