A touch of glamour - investing in gap finance funds

tax efficient vehicles

Investors can no longer benefit from generous tax breaks on film finance vehicles, but a good alternative is unitised gap finance funds which are low risk and not correlated to equities

Investing in feature films in the UK traditionally provided a tax efficient investment vehicle for high net worth investors. Specialist tax advisers developed a range of investment vehicles in order for individuals to take advantage of the significant tax breaks available. These incentives have played a pivotal role in developing the British film industry. In recent times HM Revenue & Customs and HM Treasury have removed many of the tax incentives available to individual investors and have replaced them with a tax relief for film production companies instead. The chancellor confirmed in an...