Finance (No. 2) Act 2017 (c. 32)

SCHEDULES

SCHEDULE 6 U.K. Relief for production of museum and gallery exhibitions

PART 2 U.K. Consequential amendments

CTA 2009 U.K.

11 U.K. In Part 8 (intangible fixed assets), in Chapter 10 (excluded assets), after section 808D insert—

“808E Assets representing expenditure incurred in course of separate exhibition trade

(1) This Part does not apply to an intangible fixed asset held by a museums and galleries exhibition production company so far as the asset represents expenditure on an exhibition that is treated under Part 15E as expenditure of a separate trade (see particularly sections 1218ZB and 1218ZBE).

(2) In this section—

• “exhibition” has the same meaning as in Part 15E (see section 1218ZAA);

• “museums and galleries exhibition production company” means a company which, for the purposes of that Part, is the primary production company or a secondary production company for an exhibition (see sections 1218ZAC and 1218ZAD).”

Commencement Information

I1 Sch. 6 para. 11 in force at Royal Assent for specified purposes, see Sch. 6 para. 20