TITLE

Film companies may claim capital allowance on production

AUTHOR(S)
Bose, Mihir
PUB. DATE
October 1979
SOURCE
Accountancy;Oct79, Vol. 90 Issue 1034, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the British Inland Revenue is prepared to accept capital allowance claims with regard to film production expenditure, according to its Statement of Practice No. 9. To qualify, the master print of a film must be a capital asset in the business, and this condition would be met if it is retained by the production company and has an anticipated potential life of not less than two years.
ACCESSION #
6050669

 

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