Section 1218ZAB | “Touring exhibition” ^F1

(1)In this Part an exhibition is a “touring exhibition” if conditions A to E are met.

(2)Condition A is that—

(a)there is a primary production company for the exhibition (see section 1218ZAC), and

(b)the primary production company is within the charge to corporation tax.

(3)Condition B is that the primary production company intends, when planning the exhibition, that conditions C, D and E should be met in relation to it.

(4)Condition C is that the exhibition is held at two or more venues.

(5)Condition D is that at least 25% of the objects or works displayed at the first venue at which the exhibition is held are also displayed at every subsequent venue at which the exhibition is held.

(6)Condition E is that the period between the deinstalling of the exhibition at one venue and the installation of the exhibition at the next venue does not exceed 6 months.