Section 1217IB — Finance Act 2014: Income from the production

Income from the production 1217IB 1 References in this Part to income from a theatrical production are to any receipts by the company in connection with the making or exploitation of the production.

2 This includes—

a receipts from the sale of tickets or of rights in the theatrical production;

b royalties or other payments for use of aspects of the theatrical production (for example, characters or music);

c payments for rights to produce merchandise;

d receipts by the company by way of a profit share agreement.

3 Receipts that (apart from this subsection) would be regarded as being of a capital nature are treated as being of a revenue nature.