Individuals benefited by film relief
119
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Finance Act 2004 Chapter 9 — Avoidance involving loss relief or partnership
Individuals benefited by film relief
“Disposal of a right of the individual to profits arising from the trade”
120
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“The losses claimed” and “the individual’s capital contribution to the trade”
121
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Computing the chargeable amount
122
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Partners: meaning of “capital contribution to the trade”
122A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“Film-related losses” and “non-taxable consideration”
123
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Individuals in partnership: restriction of relief
Restriction of relief: non-active partners
124
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Partnerships exploiting films
125
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Individuals in partnership: exit charge
Losses derived from exploiting licence: introductory
126
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Charge to income tax
127
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Definitions for purposes of section 127
128
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disposals to which section 126 applies
129
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“A significant amount of time”
130
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Companies in partnership
Companies in partnership
131
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Companies in partnership: supplementary
132
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Relationship with chargeable gains
133
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Back to Finance Act 2004 — full text
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