Part 8Intangible fixed assets
Chapter 10Excluded assets
Assets wholly excluded from this Part
F1808CAssets representing expenditure incurred in course of separate theatrical trade
(1)
This Part does not apply to an intangible fixed asset held by a theatrical production company so far as the asset represents expenditure on a theatrical production that is treated under Part 15C as expenditure of a separate trade (see particularly sections 1217H and 1217IE).
(2)
In this section—
“theatrical production” has the same meaning as in Part 15C (see section 1217FA);
“theatrical production company” means a company which, for the purposes of that Part, is the production company in relation to a theatrical production (see section 1217FC).