C1Part 15Film production
Annotations:
Modifications etc. (not altering text)
Chapter 3Film tax relief
Conditions of relief
1198UK expenditure
1
At least 25% of the core expenditure on the film incurred—
a
in the case of a British film other than a qualifying co-production, by the company, and
b
in the case of a qualifying co-production, by the co-producers,
must be UK expenditure.
2
The Treasury may by regulations amend the percentage specified in subsection (1).
Pt. 15 applied (with modifications) by SI 2007/1050 regs. 3-12 (as amended) (with effect in accordance with s. 1329(1) of the commencing Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 2 para. 131 (with Sch. 2 Pts. 1, 2)