Section 1217IB Income from the productionF1

(1)

References in this Part to income from a theatrical production are to any receipts by the company in connection with the making or exploitation of the production.

(2)

This includes—

(a)

receipts from the sale of tickets or of rights in the theatrical production;

(b)

royalties or other payments for use of aspects of the theatrical production (for example, characters or music);

(c)

payments for rights to produce merchandise;

(d)

receipts by the company by way of a profit share agreement.

(3)

Receipts that (apart from this subsection) would be regarded as being of a capital nature are treated as being of a revenue nature.

Annotations

Textual amendments

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

Notes on Part 15C

Modifications

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)