Corporation Tax Act 2009 section 1216D

Application of sections 1216DA and 1216DB

Section 1216D provides key definitions that are used in the rules governing how a television production company may use losses arising from a specific programme trade.

• Defines the "completion period" as the accounting period in which the programme is finished or production ceases
• Defines "loss relief" broadly to cover any means of using a loss to reduce a tax liability, whether for the company itself or for another party
• Defines "pre-completion period" as any accounting period falling before the completion period
• Defines "separate programme trade" as the trade carried on by the company in relation to the specific programme in question