Corporation Tax Act 2009 section 808D

Assets representing expenditure incurred in course of separate orchestral trade

Section 808D excludes certain intangible fixed assets held by orchestral production companies from the general intangible fixed assets rules, where those assets represent expenditure treated as part of a separate orchestral trade.

• This section applies to intangible fixed assets held by orchestral production companies.
• The general intangible fixed assets rules in Part 8 of the Corporation Tax Act 2009 do not apply to these assets.
• The exclusion applies where the expenditure represented by the asset is treated as expenditure of a separate orchestral trade under the special orchestral tax relief rules.
• The effect is that the orchestral tax relief regime takes priority over the normal intangible assets tax treatment.