Commentary on Sections Overview Chapter 2: Taxation of activities of film production company Section 1191: Costs of the film
3026.This section gives the meaning in this Chapter of the term “costs of the film”. It is based on paragraph 5 of Schedule 4 to FA 2006.
3027.Subsection (3) prevents expenditure being treated as capital purely because it is on the creation of the film. It does not therefore apply to, say, capital expenditure on plant and machinery since that would be capital regardless of the creation of the film.