Tax Relief for Film
London is an attractive destination for all content production. The wealth of world-class talent and resources are underpinned by generous and user-friendly tax reliefs that can help you bring your project to the capital. Best of all:
- There is no cap on the amount of tax relief which can be claimed.
- All reliefs are capped at 80% of total production budget.
As of April 2015, a Film Production Company (FPC) can claim tax relief of up to 25% of qualifying expenditure for film projects that qualify as British. There is no cap over/under £20 million, as was the case before April 2015.
To qualify for film tax relief, projects must:
- Have a minimum 10% of core expenditure spent in the UK
- Be intended for theatrical release
- Have one FPC registered with Companies House and set up before principal photography begins
- The FPC must be responsible for all the filmmaking activity from pre-production through to completion
How your project can qualify as British
Your film can qualify as British by passing the cultural test, or as an official co-production.
The UK has 10 bi-lateral co-production treaties and is also a signatory to the European Convention.
Contact the Certification Unit at the BFI for more information: email@example.com
- RT @BFI : Watch this exclusive clip: Drama, dance and death innovatively collide in @GRParris life-affirming debut feature @marifeaturefilm …
- London's Festival of Contemporary Arab Culture @shubbakfestival kicks off on July 3rd @barbicancentre with a select… https://t.co/5Jx421GCFB
- RT @BechdelTestFest : Happy SUPPORT THE GIRLS preview day! Join us at @CentralPictureH from 6.30pm for one of our favourite films of 2019, p…
UPstream is the first event of its type providing a unique opportunity for Intellectual Property (IP) holders to present their content top Film and TV Drama producers, distributors, agents, and other potential buyers.