Section 1179B Election to tax qualifying production as separate tradeF1

The qualifying company for a qualifying production may elect in its company tax return for an accounting period for the production to be taxed as a separate trade.

The effect of such an election is that the activities of the company in relation to the production are to be treated for corporation tax purposes as a trade separate from any other activities of the company (including activities in relation to other qualifying productions).

In this Part—