Corporation Tax Act 2009 section 1208

Application of sections 1209 and 1210

Section 1208 sets out the key definitions used in the rules governing how losses from a separate film production trade can be relieved.

• Applies to companies carrying on a separate trade in respect of a particular film under section 1188
• The "completion period" is the accounting period in which the film is completed or abandoned
• A "pre-completion period" is any accounting period falling before the completion period
• "Loss relief" covers any way of using a loss to reduce the amount on which the company, or any other person, is charged to tax