F1PART 15DOrchestra tax relief
CHAPTER 3Orchestra tax relief
Additional deduction
1217RF“Qualifying expenditure”
1
In this Chapter “qualifying expenditure”, in relation to the production of a concert or concert series, means core expenditure (see section 1217RC) on the production that—
a
falls to be taken into account under sections 1217QB to 1217QG in calculating the profit or loss of the separate orchestral trade for tax purposes, and
b
is not expenditure which is otherwise relievable.
2
For the purposes of this section expenditure is otherwise relievable if it is expenditure in respect of which (assuming a claim were made) the company would be entitled to—
a
film tax relief under Chapter 3 of Part 15,
b
television tax relief under Chapter 3 of Part 15A,
c
video games tax relief under Chapter 3 of Part 15B,
d
an additional deduction under Part 15C (theatrical productions), or
e
a theatre tax credit under Part 15C.
Pt. 15D inserted (with effect in accordance with Sch. 8 para. 17(1)(a) of the amending Act) by Finance Act 2016 (c. 24), Sch. 8 para. 1