F1PART 8BTrading profits taxable at the Northern Ireland rate
Annotations:
Amendments (Textual)
CHAPTER 8Intangible fixed assets
Pre-commencement assets
357OJAssets 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