Section 1218ZAB “Touring exhibition”F1

(1)

In this Part an exhibition is a “touring exhibition” if conditions A to E are met.

(2)

Condition A is that—

(a)

there is a primary production company for the exhibition (see section 1218ZAC), and

(b)

the primary production company is within the charge to corporation tax.

(3)

Condition B is that the primary production company intends, when planning the exhibition, that conditions C, D and E should be met in relation to it.

(4)

Condition C is that the exhibition is held at two or more venues.

(5)

Condition D is that at least 25% of the objects or works displayed at the first venue at which the exhibition is held are also displayed at every subsequent venue at which the exhibition is held.

(6)

Condition E is that the period between the deinstalling of the exhibition at one venue and the installation of the exhibition at the next venue does not exceed 6 months.

Annotations

Textual amendments

F1: Pt. 15E inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3))

Notes on Part 15E

Modifications

C1: Pt. 15E modified by 2010 c. 4, s. 357UR(3) (as inserted (with effect in accordance with Sch. 6 para. 20 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 17)
C2: Pt. 15E modified (temp.) (with application in accordance with s. 21(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 21(1)(4)