C1Part 15Film production
Annotations:
Modifications etc. (not altering text)
Chapter 4Film losses
C21209Restriction on use of losses while film in production
1
This section applies if in a pre-completion period a loss is made in the separate film trade.
2
F43
If the loss is carried forward under section 45 or 45B of CTA 2010 and deducted from profits of the separate film trade in a subsequent period, the deduction is to be ignored for the purposes of section 269ZB of CTA 2010 (restriction on deductions from trading profits).
Pt. 15 applied (with modifications) by S.I. 2007/1050, regs. 3-12 (as amended (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 2 para. 131 (with Sch. 2 Pts. 1, 2))