Section 1217M — Finance Act 2014: Application of sections 1217MA to 1217MC

Application of sections 1217MA to 1217MC 1217M 1 Sections 1217MA to 1217MC apply to a company that is treated under section 1217H(3) as carrying on a separate trade in relation to a theatrical production.

2 In those sections— “ the completion period ” means the accounting period in which the company ceases to carry on the separate theatrical trade; “ loss relief ” includes any means by which a loss might be used to reduce the amount in respect of which a company, or any other person, is chargeable to tax.