Part 2Income tax, corporation tax and capital gains tax
Chapter 6Film relief
Tax relief for limited-budget films
F158Relief for production and acquisition expenditure on limited-budget films
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Restrictions on relief
F159Restrictions on relief for production and acquisition expenditure
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Deferred income agreements
F160Deferred income agreements which exist when relief claimed
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F161Meaning of “deferred income agreement in respect of a film”
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F162Deferred income agreements entered into after relief claimed
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F163Sections 60 to 62: supplementary
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F164Transitional provision for years of assessment before the year 2005-06
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F165Corresponding provision in ITTOIA 2005
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Companies benefited by film relief: exit charges
F166When a chargeable event occurs
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F167Consequences of a chargeable event: exit event X or Y
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F168Exit event Z: a relevant disposal at an undervalue
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F169Consequences of a chargeable event: exit event Z
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F170Valuation of the “rights to guaranteed income” and “disposed rights”
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F171Meaning of “company” and related terms
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