Section GB 19 — Income Tax Act 2007: When film production expenditure payments delayed or contingent

GB 19 When film production expenditure payments delayed or contingent When this section applies (1) This section applies when— (a) a person (the payer ) is liable to pay any of the costs of goods or services applied in producing a film: (b) either— (i) the payment of the costs is deferred under an agreement between the provider of the goods or services and another person, and the period of deferral is excessive; or (ii) the payment is contingent. Costs incurred when paid (2) For the purposes of sections DS 2 , EJ 7 , and EJ 8 (which relate to film production expenditure), the payer is treated as incurring the costs at the time of payment. Defined in this Act: film , film production expenditure , Compare: 2004 No 35 s GD 12A