C1Part 3Trading income
Annotations:
Modifications etc. (not altering text)
Chapter 9Trade profits: other specific trades
Sound recordings
152Interpretation of sections 150 and 151
1
For the purposes of sections 150 and 151—
a
“sound recording” does not include a film soundtrack,
b
“original master version” means the master tape or master audio disc of the recording,
c
references to the original master version of a sound recording include any rights in the original master version that are held or acquired with it, and
d
“relevant period” means—
i
a period for which accounts of the trade are made up, or
ii
if no accounts of the trade are made up for a period, an accounting period of the company.
2
In subsection (1)(a) “film” is to be read in accordance with section 1181.
Pt. 3 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 4(1)