reducing corporation tax by "investing" in a loss making film studio

[CanPayButWouldRatherNot]

folks ...anyone out there using these sort of deals ?

[CanPayButWouldRatherNot]

I think HMRC would be quite hard to convince it wasn't a capital investment though unless it was very cleverly set up.

Also, "losses' need to come from somewhere, an accountant friend of mine called these schemes just another variant of a Ponzi scheme, someone down the line will get hit for a big genuine loss.

its schemes like these

Dean Street Productions | Future Capital Partners

The Investment | The Division Films

trying to see if there is a catch ...

seem to be pretty straightforward .

anyone out there using them to their advantage ?

[craig1]

I think he means being a film 'Angel' and investing in film production.

I think HMRC would be quite hard to convince it wasn't a capital investment though unless it was very cleverly set up.

Also, "losses' need to come from somewhere, an accountant friend of mine called these schemes just another variant of a Ponzi scheme, someone down the line will get hit for a big genuine loss.

[cojak]

I think he means being a film 'Angel' and investing in film production.

[Clare@InTouch]

If you're making an investment then surely it would be a Balance Sheet item, therefore it wouldn't reduce your profit or your CT.

Do you mean buying a company, and potentially taking advantage of group loss relief?

[CanPayButWouldRatherNot]

Anyone got any experience of the tactic to reduce your corp tax bill by investing in the film industry ?


For your investment ....you basically can get trading losses from this investment that reduces your corp tax now .. and there is possible upside that the film does well

(he said trying to summarise a big document into one line)