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BIM56200 | Films and sound recordings: master versions of sound recordings: contents

From HM Revenue & Customs · Business Income Manual

Expenditure on the production or acquisition of the original master version of a sound recording is treated for Income Tax and Corporation Tax purposes as revenue expenditure. There are special rules to determine the timing of deductions.

These rules do not apply in calculating the profits of a trade on the cash basis.

This section explains these rules and contains the following:

Contents11 entries

  1. BIM56205Films and sound recordings: master versions of sound recordings: revenue nature of income and expenditure
  2. BIM56206Films and sound recordings: master versions of sound recordings: meaning of expenditure on the production or acquisition
  3. BIM56210Films and sound recordings: master versions of sound recordings: allocation of expenditure to relevant periods
  4. BIM56215Films and sound recordings: master versions of sound recordings: income matching method
  5. BIM56220Films and sound recordings: master versions of sound recordings: income matching method - examples
  6. BIM56225Films and sound recordings: master versions of sound recordings: income matching method - batching
  7. BIM56230Films and sound recordings: master versions of sound recordings: cost recovery method
  8. BIM56235Films and sound recordings: master versions of sound recordings: cost recovery method - examples
  9. BIM56240Films and sound recordings: master versions of sound recordings: leases and licences
  10. BIM56243Films and sound recordings: master versions of sound recordings: sale of the master version
  11. BIM56255Films and sound recordings: master versions of sound recordings: excluded expenditure