Section 1217GC — Finance Act 2014: “Core expenditure”

“Core expenditure” 1217GC 1 In this Part “ core expenditure ”, in relation to a theatrical production, means expenditure on the activities involved in—

a producing the production, and b closing the production.

2 The reference in subsection (1)(a) to “expenditure on the activities involved in producing the production”—

a does not include expenditure on any matters not directly involved in producing the production (for instance, financing, marketing, legal services or storage);

b does not include expenditure on the ordinary running of the production; but expenditure incurred on or after the date of the first performance of the production to the paying general public may fall within subsection (1)(a) (for instance, if it is incurred in connection with a substantial recasting or a substantial redesign of the set).