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Legislation
Corporation Tax Act 2009

Crossheading When assets are treated as created or acquired

  • Section 883 Assets treated as created or acquired when expenditure incurred
  • Section 884 ... Goodwill: time of creation
  • Section 885 Assets representing non-qualifying expenditure: time of creation
  • Section 886 Assets representing production expenditure on films: time of creation
  1. When assets are treated as created or acquired
  2. Assets representing production expenditure on films: time of creation

Section 886 | Assets representing production expenditure on films: time of creation

From legislation.gov.uk

(1)In determining for the purposes of this Part whether an asset representing production expenditure on a film was created before 1 April 2002 or on or after that date, the asset is treated as created when the film is completed.

(2)In this section—

(a)“completed” has the same meaning as in Part 15 (see section 1181(5)),

(b)“film” has the same meaning as in that Part (see section 1181), and

(c)“production expenditure” has the same meaning as in that Part (see section 1184).

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