Section 1217M Application of sections 1217MA to 1217MCF1

Sections 1217MA to 1217MC apply to a company that is treated under section 1217H(3) as carrying on a separate trade in relation to a theatrical production.

In those sections—

• “the completion period” means the accounting period in which the company ceases to carry on the separate theatrical trade;

• “loss relief” includes any means by which a loss might be used to reduce the amount in respect of which a company, or any other person, is chargeable to tax.