Section 1217GC — Corporation Tax Act 2009: “Core expenditure”

“Core expenditure” 1217GC 1 In this Part “ core expenditure ”, in relation to a theatrical production, means expenditure on the activities involved in—

a producing the production, and b closing the production.

2 The reference in subsection (1)(a) to “expenditure on the activities involved in producing the production”—

a does not include expenditure on any matters not directly involved in producing the production (for instance, financing, marketing, legal services , storage, or the provision of incidental goods or services to members of the audience );

b does not include expenditure on the ordinary running of the production; but expenditure incurred on or after the date of the first performance of the production to the paying general public may fall within subsection (1)(a) (for instance, if it is incurred in connection with a substantial recasting or a substantial redesign of the set).

3 For the purposes of subsection (2)(a), expenditure by an educational body on teaching or training participants in a production is expenditure on a matter not directly involved in producing the production, except to the extent that the teaching or training takes place as part of a rehearsal for the production.

4 For the purposes of subsection (2)(b), a performance to the general public is not regarded as being to paying members unless it satisfies section 1217GA(2A).

5 In this section, “ educational body ” includes a body mentioned in section 71.