Section 1191 — Corporation Tax Act 2009: Costs of the film

Costs of the film 1191 1 References in this Chapter to the costs of the film are to expenditure incurred by the company on—

a film-making activities in connection with the film, or b activities with a view to exploiting the film.

2 This is subject to any provision of the Corporation Tax Acts prohibiting the making of a deduction, or restricting the extent to which a deduction is allowed, in calculating the profits of a trade.

3 Expenditure that (apart from this subsection) would be regarded as of a capital nature only because it is incurred on the creation of an asset (the film) is treated as being of a revenue nature.