1188Activities of film production company treated as a separate tradeU.K.
This section has no associated Explanatory Notes
(1)This Chapter applies for corporation tax purposes to a company that is the film production company in relation to a film.
(2)The company's activities in relation to the film are treated as a trade separate from any other activities of the company (including any activities in relation to any other film).
(3)In this Chapter the separate trade is called “the separate film trade”.
(4)The company is treated as beginning to carry on the separate film trade—
(a)when pre-production begins, or
(b)if earlier, when any income from the film is received by the company.