Section CC 10 — Income Tax Act 2007: Films

CC 10 Films When this section applies (1) This section applies when a person has a right or interest of any of the kinds described in subsection (2) in or to— (a) a film; or (b) a print of the film; or (c) publicity material for the film; or (d) any other tangible asset relating to the film. Right or interest (2) The right or interest is a right or interest, including a future or contingent right or interest, of any of the following kinds: (a) copyright in the film: (b) a licence relating to the copyright: (c) an equitable right in the copyright: (d) an equitable right in a licence relating to the copyright: (e) any other right existing in or attaching to the film: (f) a right to income, or a share of income, from the rental, sale, use, or other exploitation of the film. Income (3) The following amounts are income of the person: (a) an amount received or receivable by the person for— (i) the use of, or the right to use, the film or a right or interest in a right in the film: (ii) the granting of a licence for a future right in the film: (iii) the disposal of some or all of a right or interest in a right in the film: (iv) the assignment of a right or an interest in a right: (v) the assignment of a right to derive income from the use of a right or interest; and (b) an amount derived by the person from the rental, sale, use, or other exploitation of the film. Relationship with sections CV 17 and YD 7 [Repealed] (4) [Repealed] Defined in this Act: amount , film , income Compare: 2004 No 35 s CC 10 Section CC 10(4) heading: repealed, on 2 November 2012, by section 5 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88). Section CC 10(4): repealed, on 2 November 2012, by section 5 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).