Section 1179BE — Corporation Tax Act 2009: Treatment of certain capital amounts as revenue

Treatment of certain capital amounts as revenue 1179BE 1 This section applies for corporation tax purposes in relation to the separate production trade.

2 Expenditure that—

a counts as costs of the qualifying production, and b would (apart from this subsection) be regarded as of a capital nature by reason only of being incurred on the creation of an asset in the form of the qualifying production, is to be treated as expenditure of a revenue nature. (As to other capital expenditure, see section 53 and section 1179BB (6) .) 3 Receipts that—

a count as income from the qualifying production, and b would (apart from this subsection) be regarded as of a capital nature, are to be treated as receipts of a revenue nature.