INTM342580 - DT applications and claims - Types of income: Royalties
Theatre backers - Angels
Payments made to non-resident theatre backers of plays and musicals (also known as 바카라 사이트angels바카라 사이트) are in return for money put up by them in the finance of a production. If the show is successful their investment is first repaid and then they receive a share in any profit.
These payments are 바카라 사이트annual payments바카라 사이트 under Case III of Schedule D with tax deductible under ICTA88/S349. Relief from UK tax is available under the 바카라 사이트Other Income바카라 사이트 article (if there is one) and not the royalties article. In cases of doubt you should consider asking the claimant the question 바카라 사이트Are you a theatrical angel who has provided financial backing for a theatrical production and is then entitled to a share of the profits?바카라 사이트
See BIM66601.