Section 886 — Corporation Tax Act 2009: Assets representing production expenditure on films: time of creation

Assets representing production expenditure on films: time of creation 886 1 In determining for the purposes of this Part whether an asset representing production expenditure on a film was created before 1 April 2002 or on or after that date, the asset is treated as created when the film is completed.

2 In this section—

a “ completed ” has the same meaning as in Part 15 (see section 1181(5)),

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

and c “ production expenditure ” has the same meaning as in that Part (see section 1184).