C1F1PART 15DOrchestra tax relief
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1
Pt. 15D modified (with application in accordance with s. 19(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 19(1)(4)
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.
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