Corporation Tax Act 2009 section 808E

Assets representing expenditure incurred in course of separate exhibition trade

Section 808E excludes certain intangible fixed assets held by museums and galleries exhibition production companies from the intangible fixed assets tax regime under Part 8.

• This section concerns intangible fixed assets held by museum or gallery exhibition production companies.
• Where expenditure on an exhibition is treated as part of a separate exhibition trade under Part 15E, the normal intangible fixed assets rules in Part 8 do not apply to those assets.
• The exclusion applies only to the extent that the intangible fixed asset represents expenditure incurred on the exhibition itself.
• This means the exhibition expenditure is instead dealt with under the specific museums and galleries exhibition tax relief rules rather than the general intangible assets regime.