Part 1 Amendment of CTA 2009
Finance (No 2) Act 2017 (2017 c 32) | Legislation

SCHEDULE 6 Relief for Production of Museum and Gallery Exhibitions

Section 21

Part 1 Amendment of CTA 2009

1

After Part 15D of CTA 2009 insert—

“Part 15E
Museums and Galleries Exhibition Tax Relief
Chapter 1
Introduction
Overview
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(1)     This Part is about the production of museum and gallery exhibitions, and applies for corporation tax purposes.

(2)     This Chapter explains what is meant by “exhibition†and “touring exhibition†and how a company comes to be treated as the primary production company or a secondary production company for an exhibition.

(3)     Chapter 2 is about the taxation of the activities of a production company and includes—

(a)     provision for the company's activities in relation to its exhibition to be treated as a separate trade, and

(b)     provision about the calculation of the profits and losses of that trade.

(4)     Chapter 3 is about relief (called “museums and galleries exhibition tax reliefâ€) which may be given to a production company in relation to an exhibition—

(a)     by way of additional deductions to be made in calculating the profits or losses of the company's separate trade, or

(b)     by way of a payment (a “museums and galleries exhibition

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