Film companies may claim capital allowance on production

Bose, Mihir
October 1979
Accountancy;Oct79, Vol. 90 Issue 1034, p9
Trade Publication
The article reports that the British Inland Revenue is prepared to accept capital allowance claims with regard to film production expenditure, according to its Statement of Practice No. 9. To qualify, the master print of a film must be a capital asset in the business, and this condition would be met if it is retained by the production company and has an anticipated potential life of not less than two years.


Related Articles

  • Machinery deduction boost available. Pocock, John // Southwest Farm Press;2/17/2011, Vol. 38 Issue 6, p8 

    The article reports on the expansion of the Section 179 tax deduction to 500,000 U.S. dollars and the introduction to 100 percent bonus depreciation for assets bought after September 2010, in which farmers who purchase equipments during the time period can deduct their purchases in the U.S.

  • Absolutely negatively. Walkley, Pam // Bulletin with Newsweek;03/28/2000, Vol. 118 Issue 6217, p74 

    Examines the overuse of the tax benefits of negative gearing and depreciation allowances in real estate investments in Australia. Definition of negative gearing; Survey by Ashe Morgan Winthrop on negative gearing in real estate investments; Real estate analysts' advice on gearing; Trends in...

  • Second-hand buildings. Foreman, Tony; Lazda, Angela // Accountancy;Apr94, Vol. 113 Issue 1208, p119 

    Reports that a landlord who purchases a second-hand building should be able to claim capital allowances on the plant element in Great Britain.

  • Answers to your tax QUESTIONS about business expenses. Farber, Lawrence // Medical Economics;2/6/2004, Vol. 81 Issue 3, p104 

    Answers several tax questions about business expenses. Depreciation of a new car; Depreciation allowances for two pieces of medical equipment; tax return errors in a medical practice.

  • BEST OF BRITISH TAX REFORM. Thornquest, Brett // Inside Film;Apr2006, Issue 86, p50 

    Focuses on the new British film tax incentive, which will apply to productions commencing principal photography on or after April 1, 2006 and to all films which have not been completed by December 31, 2006, and is restricted to culturally British feature films, genuinely intended for theatrical...

  • 4 Common Tax Mistakes Contractors Make. BOTTA, VINCENZO // Professional Contractor;Summer2015, p14 

    The article discusses four tax mistakes that U.S. contractors commonly make. It includes the failure to depreciate new equipment correctly which could be an opportunity to decrease taxable income, the lack of awareness of the existence of fuel tax credits which offer substantial tax savings, and...

  • Valuing Depreciable Assets. Kraizberg, Elli // Journal of Accounting, Auditing & Finance;Spring93, Vol. 8 Issue 2, p115 

    The 1986 Tax Reform Act is likely to extend optimal homing periods of depreciable assets until the point in time at which the tax basis is exhausted. Additionally, practitioners in the real estate markets tend to argue that the 1986 Tax Reform calls for a major reduction in depreciation tax...

  • The Great Come-&-See-lt Day.  // Time; 

    The article reports on the impact of the tax policy on the French cinema in 1965. It notes that 24% of a film's gross went in a special tax. It is claimed by a film director that the survival of the French cinema was at stake amidst the government's implementation of the tax policy. It indicates...

  • Oz investors seeing red after 'Rouge' tax ruling. Boland, Michaela; Groves, Don // Daily Variety;8/3/2001, Vol. 272 Issue 45, p14 

    Reports on the reaction of film producers to the decision by the Australian Taxation Office to deny a tax break for the Australian investors of 'Moulin Rouge.' Possible decline in the number of foreign producers filming in Australia; Plan to appeal the ruling.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics