Corporation Tax Act 2010 section 357UR

Introduction and interpretation

Section 357UR introduces the rules governing how museums and galleries exhibition tax relief applies to expenditure incurred by a Northern Ireland company.

• This chapter sets out how museums and galleries exhibition tax relief under Part 15E of CTA 2009 operates for Northern Ireland companies in a given accounting period.
• "Northern Ireland expenditure" means trade expenditure that forms part of the Northern Ireland profits or Northern Ireland losses of that trade.
• "The separate exhibition trade" and "qualifying expenditure" carry the same meanings as defined in Part 15E of CTA 2009.
• Any reference to museums and galleries exhibition tax relief in Part 15E of CTA 2009 also includes relief available under this chapter.