43 Interpretation of sections 41 and 42.U.K.
(1)In sections 41 and 42 above and this section—
“expenditure of a revenue nature” has the meaning given in section 68(10) of the 1990 Act,
“master disc”, in relation to a film, means the original master film disc or the original master audio disc of the film,
“master negative”, in relation to a film, means the original master negative of the film and its soundtrack (if any),
“master tape”, in relation to a film, means the original master film tape or the original master audio tape of the film,
“qualifying disc” means a master disc of a film certified by the Secretary of State under Schedule 1 to the M1Films Act 1985 as a qualifying disc for the purposes of section 68 of the 1990 Act,
“qualifying film” means a master negative of a film certified by the Secretary of State under Schedule 1 to the M2Films Act 1985 as a qualifying film for the purposes of section 68 of the 1990 Act,
“qualifying tape” means a master tape of a film certified by the Secretary of State under Schedule 1 to the M3Films Act 1985 as a qualifying tape for the purposes of section 68 of the 1990 Act,
“relevant period” has the meaning given in section 68(3) of the 1990 Act, and
“the 1990 Act” means the M4Capital Allowances Act 1990.
(2)In sections 41 and 42 above and this section—
(a)any reference to a film shall be construed in accordance with paragraph 1 of Schedule 1 to the Films Act 1985, and
(b)any reference to the acquisition of a master negative, master tape or master disc of a film includes a reference to the acquisition of [F1any rights in the film (or its soundtrack) that are held or acquired with the master negative, master tape or master audio disc].
(3)For the purposes of sections 41 and 42 above a film is completed—
(a)at the time when it is first in a form in which it can reasonably be regarded as ready for copies of it to be made and distributed for presentation to the general public, F2. . .
F2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in s. 43(2)(b) substituted (28.7.2000 with application as mentioned in s. 113(5)(6) of the amending Act) by 2000 c. 17, s. 113(4)(a)
F2S. 43(3)(b) and the preceding word “or" repealed (28.7.2000 with application as mentioned in s. 113(5)(6) of the amending Act) by 2000 c. 17, ss. 113(4)(b), 156, Sch. 40 Pt. II(18)
Modifications etc. (not altering text)
C1S. 43(3) applied with modifications (31.7.1997) by 1997 c. 58, s. 48(8)(11)
Marginal Citations