BIM56025 - Films and sound recordings: non-trade businesses
S609-S613 Income Tax (Trading and Other Income) Act 2005
A stand-alone Income Tax charge applies to income from a business (a 바카라 사이트˜non-trade business바카라 사이트™) involving the exploitation of films or sound recordings where the activities do not amount to a trade.
The revenue treatment for expenditure on, and income from, the production or acquisition of the master versions of sound recordings (see BIM56200 onwards) applies to such businesses in the same way as it applies to trades.
The reliefs under the old regime for films (see BIM56010) also applied to non-trade businesses in the same way as they applied to trades.