Commentary

D7.1281 Theatrical production tax relief—provisional entitlement to relief

Corporate tax
Corporate tax | Commentary

D7.1281 Theatrical production tax relief—provisional entitlement to relief

Corporate tax | Commentary

D7.1281 Theatrical production tax relief—provisional entitlement to relief

A company may be entitled to provisional theatre relief in an 'interim accounting period' (ie a period that precedes the accounting period in which it cases to carry on the separate theatrical trade1). In addition to being able to claim theatre relief, the company will also be able to transfer its terminal losses to another production (see D7.1273).

The rules governing provisional entitlement to relief for productions are set out in CTA 2009, Pt 15C2. The rationale behind those provisions is to ensure that companies that are entitled to relief can obtain it

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