Income Tax (Trading and Other Income) Act 2005 section 138

Certified master versions: production expenditure

Section 138 dealt with the rules for determining production expenditure in relation to certified master versions of film or sound recordings, but this provision has been repealed.

• Section 138 was part of a group of provisions (sections 136–144) concerning certified master versions of film or sound recordings
• These provisions set out rules for how production expenditure was to be calculated for tax purposes in relation to such master versions
• All of these provisions were repealed by Finance Act 2006, section 178, and Schedule 26, Part 3(4)
• The repeal took effect from 1 January 2007, meaning these rules no longer apply to any period from that date onwards