A new regime for film production companies was introduced by FA 2006, s. 31–53 (since rewritten as CTA 2009, Pt. 15) with effect from 1 January 2007. Restrictions are placed on the availability of trading loss relief.

In any accounting period other than that in which the film is completed, or abandoned without being completed, the only trading loss relief available to the film production company is the carry-forward of losses under CTA 2010, s. 45 (CTA 2009, s. 1210).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.