No versions valid at: 06/04/2006
Point in time view as at 06/04/2006. This version of this cross heading contains provisions that are not valid for this point in time.
There are currently no known outstanding effects for the Finance Act 2006, Cross Heading: Qualifying expenditure.
Valid from 01/01/2007
3(1)Qualifying expenditure for this purpose means core expenditure on the film that falls to be taken into account under Schedule 4 in calculating the profit or loss of the trade for tax purposes.U.K.
(2)The Treasury may by regulations—
(a)amend sub-paragraph (1);
(b)provide that expenditure of a specified description is or is not to be regarded for the purposes of this Part of this Schedule as qualifying expenditure.
(3)No such regulations shall be made unless a draft of the regulations has been laid before and approved by a resolution of the House of Commons.
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