Losses for film production schemes
Income Tax/Corporation Tax : Losses – Income Tax – LLPs engaging in the making of films and video games – whether trading; whether trading with a view to profit; what amount was incurred on the acquisition of rights in respect of films and games, and what amount was incurred wholly and exclusively for the purposes of any trade; whether profits had been computed in accordance with GAAP.
[2016] UKFTT 521 (TC)
Bailii
England and Wales
Income Tax, Media
Updated: 31 October 2021; Ref: scu.567981
