CA21240 | Plant and Machinery Allowances (PMA): meaning of plant and machinery: films

CTA09/S1181

Special rules apply to the tax treatment of film production companies. Guidance is in BIM56000 and the Film Production Companies Manual (FPC).

If there is no film production company for a film, either because no company meets the required criteria or because a company would satisfy them but has elected to be treated as not doing so, then the special rules do not apply and and film production activity is subject to normal tax rules.