Part 8U.K.Intangible fixed assets

Modifications etc. (not altering text)

C2Pt. 8 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)

C4Pt. 8 modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by Localism Act 2011 (c. 20), ss., 240(5)(o), Sch. 24 para. 1(3); S.I. 2012/628, art. 3(b)

C6Pt. 8 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)

Chapter 10U.K.Excluded assets

Assets excluded from this Part except as respects royaltiesU.K.

812Master versions of filmsU.K.

(1)Except as respects royalties, this Part does not apply to an intangible fixed asset held by a company so far as it represents expenditure by the company—

(a)on the production of the original master version of a film that began principal photography before 1 January 2007, or

(b)on the acquisition before 1 October 2007 of such an original master version.

(2)In this section—

(a)film” has the same meaning as in Part 15 (see section 1181),

(b)original master version” means the original negative, tape or disc, and

(c)references to the original master version of a film include—

(i)the original master version of the film soundtrack, if any, and

(ii)any rights in the original master version that are held or acquired with it.

Modifications etc. (not altering text)

C7S. 812 applied (with modifications) by S.I. 2007/1050, regs. 3-12 (as amended (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 2 para. 131 (with Sch. 2 Pts. 1, 2))