You should contact HBC. They are the experts in this field.
Would the big firms like HBC not have much more experience with these investments and be able to advise a reputable film company thus making the investment less risky?There are several accounting/finance firms in this field. However they are not the place to go for independent advice as they have a vested interest. You should ask your accountant.
on researching a little futher i found two films/series where people investing under section 481 lost their investment, treasure island and michael collons.
Do all the firms charge similiar rates? anyone wknow who has the best value?
AFAIK Divine Rapture was the only failure where section 481 investors got burned - and there was a subsequent change in the taxation rules to stop it happening again.
....
Anyway this will all be moot after this year's budget, as film relief will now move to a tax credit system for the producer. In other words, the tax relief is no longer to be offered to wealthy (or indeed poor) investors. Instead, the action that investors were offered (to compensate them for their "risk", even though there was little or no risk) will effectively be reclaimed by the government.
Nice tax relief when you could get it.
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