[1217RF “Qualifying expenditure”]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[1217RF  “Qualifying expenditure”]

[(1)     In this Chapter “qualifying expenditure”, in relation to the production of a concert or concert series, means core expenditure (see section 1217RC) on the production that—

(a)     falls to be taken into account under sections 1217QB to 1217QG in calculating the profit or loss of the separate orchestral trade for tax purposes, . . .

(b)     is not expenditure which is otherwise relievable[, and

(c)     is not excluded by subsection (3)].

(2)     For the purposes of this section expenditure is otherwise relievable if it is expenditure in respect of which [the company would be able to claim]—

() an R&D expenditure credit under Chapter 6A

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