Section 1217Q — Corporation Tax Act 2009: Separate orchestral trade

Separate orchestral trade 1217Q 1 Subsection (2) applies to a company in relation to a concert if—

a the company qualifies for orchestra tax relief in relation to the production of the concert (see section 1217RA(2)),

and b the concert is not included in a concert series in relation to which the company has made an election under subsection (4).

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

3 Subsections (4) and (5) apply to a company in relation to concerts in a series if the conditions in section 1217RA(4)(a), (b), (c) and (d) are met in relation to the company and the concert series.

4 The company may, for the purposes of this Part, make an election in relation to the concert series. See section 1217QA for provision about making an election.

5 Where the company makes an election in relation to a concert series (and accordingly qualifies for orchestra tax relief in relation to the production of the series), the company's activities in relation to the production of the concert series are treated as a trade separate from any other activities of the company (including activities in relation to the production of any other concert).

6 In this Part the separate trade mentioned in subsection (2) or (5) is called the “separate orchestral trade”.

7 If the separate orchestral trade relates to a single concert, the company is treated as beginning to carry on that trade—

a at the beginning of the pre-performance stage of the concert, or b if earlier, at the time of the first receipt by the company of any income from the production of the concert.