Section 357OJ — Corporation Tax Act 2010: Assets representing production expenditure on films

Assets representing production expenditure on films 357OJ 1 In determining for the purposes of section 357OH(1) (pre-commencement asset) whether an asset representing production expenditure on a film was created before the commencement day or on or after that day, 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 of CTA 2009 (see section 1181(5) of that Act),

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

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