Commentary

B5.501 Sound recordings—deductible expenditure

Business tax
Business tax | Commentary

B5.501 Sound recordings—deductible expenditure

Business tax | Commentary

Division B5.5     Sound recordings and film trades

For updates affecting this Division please see Part B0 Updates

Sound recordings and film trades

B5.501 Sound recordings—deductible expenditure

Expenditure incurred on the production or acquisition of the original master version of a sound recording1 is treated as revenue in nature. The provisions do not apply where profits are calculated using the cash basis for small businesses (see B2.112)2. For the corporation tax treatment of sound recordings see D7.1205. The provisions in this Division also applied to films beginning principal photography before 1 April 2006 provided they were completed by 1 January 2007. Film

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