Section 812 — Corporation Tax Act 2009: Master versions of films

Master versions of films 812 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—

a on the production of the original master version of a film that began principal photography before 1 January 2007, or b on the acquisition before 1 October 2007 of such an original master version.

2 In this section—

a “ film ” has the same meaning as in Part 15 (see section 1181),

b “ original master version ” means the original negative, tape or disc, and c references to the original master version of a film include—

i the original master version of the film soundtrack, if any, and ii any rights in the original master version that are held or acquired with it.