Corporation Tax Act 2009 (c. 4)

[F1 PART 15E U.K. Museums and galleries exhibition tax relief

Textual Amendments

F1 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))

Modifications etc. (not altering text)

C1 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)

C2 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)

CHAPTER 2 U.K. Taxation of activities of production company

Profits and losses of separate exhibition trade U.K.

1218ZBC Costs of the production U.K.

(1) References in this Chapter to the costs of a production of an exhibition are to expenditure incurred by the company on—

(a) activities involved in developing, producing, running, deinstalling and closing the exhibition, or

(b) activities with a view to exploiting the exhibition.

(2) This is subject to any provision of the Corporation Tax Acts prohibiting the making of a deduction, or restricting the extent to which a deduction is allowed, in calculating the profits of a trade.]