Section 1216B | Activities of television production company treated as a separate trade ^F1

(1)This Chapter applies for corporation tax purposes to a company that is the television production company in relation to a qualifying relevant programme.^F2

(2)The company's activities in relation to the programme are treated as a trade separate from any other activities of the company (including any activities in relation to any other qualifying relevant programme).^F3

(3)In this Chapter the separate trade is called “the separate programme trade”.

(4)The company is treated as beginning to carry on the separate programme trade—

(a)when pre-production begins, or

(b)if earlier, when any income from the relevant programme is received by the company.

(5)In this section “qualifying relevant programme” means a relevant programme in relation to which the conditions for television tax relief are met (see section 1216C(2)).^F4