SCHEDULES

SCHEDULE 3Films: restrictions on relief for production and acquisition expenditure

Part 4Interpretation

Meaning of film “in production”

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1

For the purposes of this Schedule a film was “in production” on 2nd December 2004 if it—

a

had its first day of principal photography before that date, and

b

was completed on or after that date.

2

For this purpose a film is completed 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.