FTTTx FILMS – Relief for expenditure on production – Deferments – Unconditional obligation to pay – Contracts between production company and individual members of production team – Claim for relief by Partnership – Deferred amounts payable to cast and crew as and when exploitation income was received from sales agent – No exploitation income received by Partnership in year of claim – Whether agreement between production company and Partnership transferred obligation to pay deferments to Partnership – Whether an unconditional obligation to pay deferments in year of claim – Appeal dismissed – F(No.2)A 1992 s.42 and F(No.2)A 1997 s.48 – CAA 2001 s.5(1) and(5)
Judges:
Sir Stephen Oliver QC
Citations:
[2013] UKFTT 157 (TC)
Links:
Statutes:
Finance (Number 2) Act 1992 42, Capital Allowances Act 2001 5
Income Tax, Media
Updated: 14 November 2022; Ref: scu.472257