Income Tax (Trading and Other Income) Act 2005 section 609

Charge to tax on films and sound recordings businesses

Section 609 imposes an income tax charge on income from businesses that exploit films or sound recordings where the activities do not amount to a trade.

• Income tax is charged on income from a business that exploits films or sound recordings but does not constitute a trade
• Such a business is defined as a "non-trade business" for the purposes of this chapter
• The charge applies to both UK and foreign businesses involved in the exploitation of films or sound recordings
• Technical terms used in this chapter carry the same meaning as in the trade profits rules for films and sound recordings