Commentary on Sections Overview
3001.This Part treats certain film production and exploitation activity by certain companies as separate film trades for corporation tax. It is based on Chapter 3 of Part 3 of, and Schedules 4 and 5 to, FA 2006 (films and sound recordings).
3002.In relation to some separate film trades, this Part also provides for:
	additional trading deductions; and
	payments for the surrender of losses.
3003.This Part deals solely with film production companies. Provisions about the corporation tax treatment of sound recordings are dealt with in Chapter 9 of Part 3 (trade profits: other specific trades).