Corporation Tax Act 2009 section 1180

Overview of Part

Section 1180 provides an overview of Part 15 of the Corporation Tax Act 2009, which deals with the taxation of film production activities.

• Part 15 is structured in five chapters covering definitions, tax treatment, film tax relief, loss relief, and provisional entitlement to relief
• Chapter 2 establishes that film production is treated as a separate trade for tax purposes, with its own rules for calculating profits and losses
• Chapters 3 and 4 provide for film tax relief and for relief where losses arise in the separate film production trade
• Chapter 5 sets out conditions that must be met before relief under Chapters 3 and 4 is granted, and confirms that such relief is provisional in nature