BIM56200 - Films and sound recordings: master versions of sound recordings: contents

Expenditure on the production or acquisition of the original master version of a sound recording is treated for Income Tax and Corporation Tax purposes as revenue expenditure. There are special rules to determine the timing of deductions.

These rules do not apply in calculating the profits of a trade on the cash basis.

This section explains these rules and contains the following:

1. BIM56205

   Revenue nature of income and expenditure
2. BIM56206

   Meaning of expenditure on the production or acquisition
3. BIM56210

   Allocation of expenditure to relevant periods
4. BIM56215

   Income matching method
5. BIM56220

   Income matching method: examples
6. BIM56225

   Income matching method: batching
7. BIM56230

   Cost recovery method
8. BIM56235

   Cost recovery method: examples
9. BIM56240

   Leases and licences
10. BIM56243

    Sale of the master version
11. BIM56255

    Excluded expenditure