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.
Commentary on Sections Overview Chapter 2: Taxation of activities of film production company Section 1190: Income from the film