PART 8B Trading profits taxable at the Northern Ireland rate

CHAPTER 8 Intangible fixed assets

Pre-commencement assets

357OJ Assets representing production expenditure on films
(1) In determining for the purposes of section 357OH(1) (pre-commencement asset) whether an asset representing production expenditure on a film was created before the commencement day or on or after that day, the asset is treated as created when the film is completed.
(2) In this section—
(a) “completed” has the same meaning as in Part 15 of CTA 2009 (see section 1181(5) of that Act),
(b) “film” has the same meaning as in that Part (see section 1181 of that Act), and
(c) “production expenditure” has the same meaning as in that Part (see section 1184 of that Act).
Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1