Related Commentary  Related HMRC Manuals

1218ZBA(1)  This section applies for the purpose of calculating the profits or losses of the separate exhibition trade.

1218ZBA(2)  For the first period of account during which the separate exhibition trade is carried on, the following are brought into account–

(a)as a debit, the costs of the production of the exhibition incurred to date;

(b)as a credit, the proportion of the estimated total income from that production treated as earned at the end of that period.

1218ZBA(3)  For subsequent periods of account the following are brought into account–

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