Corporation Tax Act 2009 section 1218ZBB

Income from the production

Section 1218ZBB defines what counts as income from a production of an exhibition for the purposes of calculating the profits or losses of the separate exhibition trade.

• Income means any receipts by the company connected with producing or exploiting the exhibition
• Receipts include ticket sales, sales of rights in the exhibition, royalties, and other payments for use of the exhibition or particular exhibits
• Payments received for merchandise rights and profits under profit share agreements also count as income
• Grants specifically designated as being for the purposes of the exhibition are included as income