Overview and general definitions: the 'commercial purpose' condition
S1217GA Corporation Tax Act 2009
The commercial purpose condition must be met in order for a Theatrical Production Company (TPC) to qualify for Theatre Tax Relief (TTR) in relation to a production.
The commercial purpose condition is that, at the beginning of the production phase, the TPC intends that all, or a high proportion of, the live performances that it proposes to run will be:
- to paying members of the general public, or
- provided for educational purposes.
See TTR40030 for more information.