Section 811 — Corporation Tax Act 2009: Sound recordings

Sound recordings 811 1 Except as respects royalties, this Part does not apply to an intangible fixed asset held by a company so far as it represents expenditure by the company on the production or acquisition of the master version of a sound recording.

2 For this purpose—

a “ sound recording ” does not include a film soundtrack, b “ master version ” means master tape or master audio disc of the recording, and c references to the master version include any rights in the master version that are held or acquired with it.