[F11218ZAB“Touring exhibition”U.K.
(1)In this Part an exhibition is a “touring exhibition” if conditions A to E are met.
(2)Condition A is that—
(a)there is a primary production company for the exhibition (see section 1218ZAC), and
(b)the primary production company is within the charge to corporation tax.
(3)Condition B is that the primary production company intends, when planning the exhibition, that conditions C, D and E should be met in relation to it.
(4)Condition C is that the exhibition is held at two or more venues.
(5)Condition D is that at least 25% of the objects or works displayed at the first venue at which the exhibition is held are also displayed at every subsequent venue at which the exhibition is held.
(6)Condition E is that the period between the deinstalling of the exhibition at one venue and the installation of the exhibition at the next venue does not exceed 6 months.]
Textual Amendments
F1Pt. 15E inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3))