Section 1218ZAB — Corporation Tax Act 2009: “Touring exhibition”

“Touring exhibition” 1218ZAB 1 In this Part an exhibition is a “touring exhibition” if conditions A to E are met.

2 Condition A is that—

a there is a primary production company for the exhibition (see section 1218ZAC),

and b the primary production company is within the charge to corporation tax.

3 Condition B is that the primary production company intends, when planning the exhibition, that conditions C, D and E should be met in relation to it.

4 Condition C is that the exhibition is held at two or more venues.

5 Condition D is that at least 25% of the objects or works displayed at the first venue at which the exhibition is held are also displayed at every subsequent venue at which the exhibition is held.

6 Condition E is that the period between the deinstalling of the exhibition at one venue and the installation of the exhibition at the next venue does not exceed 6 months.