Kingston Smith

Tax reliefs – Film

Some films are eligible for Film Tax Relief (FTR). This relief can increase the amount of expenditure that is allowable as a deduction for tax purposes or, if the company makes a loss, can be surrendered for a payable tax credit.

Special tax rules apply to determine how the taxable profits of film production companies are to be calculated and how any losses may be applied.

This document provides details on FTR and how you can assess your eligibility for relief.