Take your partners

ANDREW WILKES associate director at Smith & Williamson looks at the options still available for investors in films.

PRIVATE INVESTMENT IN the UK film industry has received a fair amount of press coverage in recent years not least because of steps taken by HMRC to clamp down on what they have perceived as an abuse of the tax system. This has led to speculation on how the UK film industry might be affected. For those not familiar with film investment schemes the broad range of schemes on the market can be confusing and given HMRC's appetite for closing them down quite a scary prospect for an adviser wishing to advise on a suitable scheme for his client.
This article focuses on the basics of what are now widely termed 'film schemes' and describes the major benefits and risks to investors. In particular I...