# Corporation Tax Act 2009, Section 1179B: Election to tax qualifying production as separate trade

Extent: E+W+S+N.I.

(1) 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.
(2) 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).
(3) In this Part—
(a) that trade is called “the separate production trade”;
(b) the accounting period to which the return containing the election relates is called “the opt-in period”.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1179B (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1179B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.