C2C1F1PART 15EMuseums and galleries exhibition tax relief
Pt. 15E modified by 2010 c. 4, s. 357UR(3) (as inserted (with effect in accordance with Sch. 6 para. 20 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 17)
Pt. 15E modified (temp.) (with application in accordance with s. 21(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 21(1)(4)
CHAPTER 2Taxation of activities of production company
Profits and losses of separate exhibition trade
1218ZBCCosts of the production
1
References in this Chapter to the costs of a production of an exhibition are to expenditure incurred by the company on—
a
activities involved in developing, producing, running, deinstalling and closing the exhibition, or
b
activities with a view to exploiting the exhibition.
2
This is subject to any provision of the Corporation Tax Acts prohibiting the making of a deduction, or restricting the extent to which a deduction is allowed, in calculating the profits of a trade.
Pt. 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))