Commentary

D7.12111 Creative industries—intangible fixed assets

Corporate tax
Corporate tax | Commentary

D7.12111 Creative industries—intangible fixed assets

Corporate tax | Commentary

Intangible fixed assets

D7.12111 Creative industries—intangible fixed assets

As films, television programmes, video games development, theatrical, orchestral and exhibition productions are subject to their own special rules, they are excluded from the intangible fixed assets regime.

There is therefore, excluded from the intangible fixed assets regime, any intangible fixed asset that represents:

  1.  

    (a)     production expenditure on a film the activities in relation to which are treated as a trade under CTA 2009, s 11881. Expenditure incurred on, and income received from, such films are taxed under the films tax rules. This includes royalties, which, pre-FA 2006, were taxed under

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