Section 1217S Application of sections 1217SA to 1217SCF1

(1)

Sections 1217SA to 1217SC apply to a company which is treated under section 1217Q(2) or (5) as carrying on a separate trade in relation to the production of a concert or concert series.

(2)

In those sections—

(a)

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

(b)

“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.

Annotations

Textual amendments

F1: Pt. 15D inserted (with effect in accordance with Sch. 8 para. 17(1)(a) of the amending Act) by Finance Act 2016 (c. 24), Sch. 8 para. 1

Notes on Part 15D

Modifications

C1: Pt. 15D modified (with application in accordance with s. 19(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 19(1)(4)