Section 1217S | Application of sections 1217SA to 1217SC

(1)Sections 1217SA to 1217SC apply to a company which is treated under section 1217Q(2) or (5) as carrying on a separate trade in relation to the production of a concert or concert series.

(2)In those sections—

(a)“the completion period” means the accounting period in which the company ceases to carry on the separate orchestral trade;

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