Section 1188 — Corporation Tax Act 2009: Activities of film production company treated as a separate trade

Activities of film production company treated as a separate trade 1188 1 This Chapter applies for corporation tax purposes to a company that is the film production company in relation to a film.

2 The company's activities in relation to the film are treated as a trade separate from any other activities of the company (including any activities in relation to any other film).

3 In this Chapter the separate trade is called “the separate film trade”.

4 The company is treated as beginning to carry on the separate film trade—

a when pre-production begins, or b if earlier, when any income from the film is received by the company.