Gosling's Grouse: A taxing matter

GOSLING'S GROUSE

The good thing about investing in film is that it is a lot more interesting than investing in bonds, not as speculative as gold and you can invite your friends round to have a look at where your hard-earned money has gone.

There are more sensible reasons – tax planning helps, although HMRC has taken a bit of a dim view over the last few years about the tax planning side of many schemes. No doubt when Premiership footballers turned up on page three of the Sunday Times after being revealed as some of the investors behind the blockbuster Avatar, HMRC might have been tempted to have another look. There is nothing like legitimate tax sheltering to raise the hackles of the Daily Mail readership. But for every Avatar there have been many poorly constructed schemes that really only had tax avoidance as their re...