SCHEDULES
C1SCHEDULE 29Gains and losses of a company from intangible fixed assets
Annotations:
Modifications etc. (not altering text)
Part 10Excluded assets
80Assets excluded except as regards royalties: films and sound recordings
1
Except as regards royalties, this Schedule does not apply to an intangible fixed asset held by a company to the extent that it represents expenditure by the company on the production or acquisition of a master version of a film or sound recording.
2
For this purpose “master version”—
a
in relation to a film has the meaning given by section 40A(5) of the Finance (No. 2) Act 1992 (c. 48) (revenue nature of expenditure on master version of films); and
b
in relation to a sound recording means a master tape or master audio disc of the recording.
Sch. 29 applied (with modifications) (15.8.2002) by S.I. 2002/1967, regs. 3-6