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Home / Simons-Taxes /Business tax /Part B5 Specific trades and activities /Division B5.5 Sound recordings and film trades /Sound recordings / B5.501 Sound recordings—deductible expenditure

B5.501 Sound recordings—deductible expenditure

Business tax

For updates affecting this Division please see Part B0 Updates

Sound recordings

B5.501 Sound recordings—deductible expenditure

Expenditure incurred on the production or acquisition of the original master version of a sound recording¹ is treated as revenue in nature. The provisions do not apply where profits are calculated using the cash basis for unincorporated businesses (see B2.111)². For the corporation tax treatment of sound recordings see D7.1202 for the

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E4.507S Operation of the charge on securities with artificially enhanced market value

B3.325 General exclusions—first-year qualifying expenditure

A4.204 Claims procedure—corporation tax

E4.11120 Additional annual returns by employers—overview

A4.214 Claims following further assessments—income tax and capital gains tax

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

A1.543 Welsh GAAR

E4.622 Vans—main rules

B5.812A Particular charitable bodies

E8.811 National Insurance number—refusal of application

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

E1.1435 Appealing transactions in securities counteraction notices

C2.1168 Property rich collective investment vehicles—ceasing to meet the exemption election requirements

E4.115 Employment income—place of performance of duties

I11.215 IHT accounts—excepted settlements

B5.846 Charities and close companies

I5.1122 More than one settlor (income tax and CGT)

I5.1212 Protector of a foreign trust

D6.711 Liquidation—capital gains implications

D4.412 CFCs—excluded territories exemption