{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-130",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-130.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/130",
  "kind": "section",
  "number": "130",
  "heading": "Expenditure to which this Chapter applies",
  "text": "(1) This Chapter makes provision about—\n(a) expenditure incurred on the production or acquisition of the original master version of a . . . sound recording, . . .\n(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2) In this Chapter references to production expenditure are to expenditure incurred on the production of the original master version of a . . . sound recording.\n(3) In this Chapter references to acquisition expenditure are to expenditure incurred on the acquisition of the original master version of a . . . sound recording.\n(4) In this Chapter references to the original master version of a film or sound recording include any rights in the original master version of a . . . sound recording that are held or acquired with it.\n(5) In this Chapter references to production or acquisition expenditure do not include—\n(a) interest (as to which, see section 29), or\n(b) the incidental costs of obtaining finance (as to which, see sections 58 and 59).\n(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(7) In this Chapter “any prohibitive rule” means any provision of the Income Tax Acts which—\n(a) prohibits a deduction from being made, or\n(b) restricts the extent to which it is allowed,\nin calculating the profits of a trade.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 130(1)(a) repealed (with effect as mentioned in ss. 46, 47 of the repealing Act) by Finance Act 2006 (c. 25), s. 178, {Sch. 26 Pt. 3(4) Note 1}"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 130(1)(b) and word repealed (with effect as mentioned in ss. 46, 47 of the repealing Act) by Finance Act 2006 (c. 25), s. 178, {Sch. 26 Pt. 3(4) Note 1}"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 130(2) repealed (with effect as mentioned in ss. 46, 47 of the repealing Act) by Finance Act 2006 (c. 25), s. 178, {Sch. 26 Pt. 3(4) Note 1}"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 130(3) repealed (with effect as mentioned in ss. 46, 47 of the repealing Act) by Finance Act 2006 (c. 25), s. 178, {Sch. 26 Pt. 3(4) Note 1}"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in s. 130(4) repealed (with effect as mentioned in ss. 46, 47 of the repealing Act) by Finance Act 2006 (c. 25), s. 178, {Sch. 26 Pt. 3(4) Note 1}"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "130(6) repealed (with effect as mentioned in ss. 46, 47 of the repealing Act) by Finance Act 2006 (c. 25), s. 178, {Sch. 26 Pt. 3(4) Note 1}"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/130",
    "retrieved_at": "2026-10-29T09:16:32.370392+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}