F1PART 15DOrchestra tax relief
CHAPTER 4Losses of separate orchestral trade
1217SApplication of sections 1217SA to 1217SC
(1)
Sections 1217SA to 1217SC apply to a company which is treated under section 1217Q(2) or (5) as carrying on a separate trade in relation to the production of a concert or concert series.
(2)
In those sections—
(a)
“the completion period” means the accounting period in which the company ceases to carry on the separate orchestral trade;
(b)
“loss relief” includes any means by which a loss might be used to reduce the amount in respect of which a company, or any other person, is chargeable to tax.