# Corporation Tax Act 2009, Section 1191: Costs of the film


(1) References in this Chapter to the costs of the film are to expenditure incurred by the company on—
(a) film-making activities in connection with the film, or
(b) activities with a view to exploiting the film.
(2) This is subject to any provision of the Corporation Tax Acts prohibiting the making of a deduction, or restricting the extent to which a deduction is allowed, in calculating the profits of a trade.
(3) Expenditure that (apart from this subsection) would be regarded as of a capital nature only because it is incurred on the creation of an asset (the film) is treated as being of a revenue nature.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1191 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1191
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.