Commentary on Sections Overview Chapter 2: Taxation of activities of film production company Section 1190: Income from the film
3024.This section gives the meaning in this Chapter of the term “income from the film”. It is based on paragraph 6 of Schedule 4 to FA 2006.
3025.Subsection (3) provides that capital receipts are treated as having a revenue nature for this purpose. So, for instance, all receipts from the sale of the film will be treated as income for the purposes of this section.