Section 1217G How a company qualifies for reliefF1

(1)

A company qualifies for relief in relation to a theatrical production if—

(a)

it is the production company in relation to the production, and

(b)

the commercial purpose condition (see section 1217GA) and the F2UK expenditure condition (see section 1217GB) are met.

(2)

There is further provision relating to subsection (1) in section 1217LA (tax avoidance arrangements).

Annotations

F1: Pt. 15C inserted (17.7.2014 for specified purposes and with effect in accordance with Sch. 4 para. 16 of the amending Act, 22.8.2014 in so far as not already in force) by Finance Act 2014 (c. 26), Sch. 4 paras. 1, 16; S.I. 2014/2228, art. 2
F2: Word in s. 1217G(1)(b) substituted (22.2.2024) by Finance Act 2024 (c. 3), Sch. 3 para. 5(2)(a) (with Sch. 3 para. 11)

C1: Pt. 15C modified (with application in accordance with s. 17(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 17(1)(4)