Museum and gallery exhibitions tax relief allows qualifying companies engaged in the production of exhibitions to claim an additional deduction in computing their taxable profits and where that additional deduction results in a loss, to surrender the loss for a payable tax credit.
Minimum European expenditure(5) (as % of core expenditure)
•25% from 1 April 2017
Additional tax deduction (% of qualifying core expenditure)
•100% from 1 April 2017
Qualifying core expenditure (maximum % of total core expenditure)