Section 1208 | Application of sections 1209 and 1210

(1)Sections 1209 and 1210 apply to a company that is the film production company in relation to a film.

(2)In those sections—

“the completion period” means the accounting period of the company—

(a)in which the film is completed, or

(b)if the company does not complete the film, in which it abandons film-making activities in relation to the film,

“loss relief” includes any means by which a loss might be used to reduce the amount in respect of which the company, or any other person, is chargeable to tax,

“pre-completion period” means an accounting period of the company before the completion period, and

“the separate film trade” means the company's separate trade in relation to the film (see section 1188).