Section 1218ZCA — Corporation Tax Act 2009: Companies qualifying for museums and galleries exhibition tax relief

Companies qualifying for museums and galleries exhibition tax relief 1218ZCA 1 A company qualifies for museums and galleries exhibition tax relief in relation to the production of an exhibition if conditions A to D are met.

2 Condition A is that the company is—

a the primary production company for the exhibition, or b a secondary production company for the exhibition.

3 Condition B is that the company is—

a a charitable company which maintains a museum or gallery, b wholly owned by a charity which maintains a museum or gallery, or c wholly owned by a local authority which maintains a museum or gallery. See section 1218ZCB for the interpretation of paragraphs (b) and (c).

4 Condition C is that at the beginning of the planning stage, the company intends that the exhibition should be public (within the meaning given by section 1218ZAA ).

5 Condition D is that the UK expenditure condition is met (see section 1218ZCC).

6 For the purposes of subsection (3) “museum or gallery” includes—

a a library or archive, and b a site where a collection of objects or works (or a single object or work) considered to be of scientific, historic, artistic or cultural interest is exhibited outdoors (or partly outdoors). 6A For the purposes of subsection (3), the fact that a person is responsible for an exhibition at a venue does not, by itself, mean that the person maintains a museum or gallery.

7 There is further related provision in section 1218ZCM (tax avoidance arrangements).