Section DS 2B — Income Tax Act 2007: Expenditure when film or film right intended for disposal

DS 2B Expenditure when film or film right intended for disposal When this section applies (1) This section applies when— (a) a person incurs film production expenditure or expenditure in acquiring a film right; and (b) at the time of incurring the expenditure, the person intends to dispose of the film or film right. Deduction (2) The person is allowed a deduction for the amount of the expenditure allocated under section EA 2 (Other revenue account property). Link with subpart DA (3) This section overrides the capital limitation. The general permission must still be satisfied and the other general limitations still apply. Defined in this Act: amount , capital limitation , deduction , film , film production expenditure , film right , general limitation , general permission Compare: 2004 No 35 s DS 2B Section DB 2B: inserted, on 1 April 2008, by section 347 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).