UK Court Allows Partial Appeal In Film Tax Relief Case

A UK court has partially sided with a group of investment firms seeking tax relief for movie production in a case beset by delays and missing evidence.

The First-Ter Tribunal (Tax Chamber) allowed appeals in part from Take 3.9 TV Partnership & Ors and four related partnerships after concluding a segment of the financing they provided for the production of films was “wholly and exclusively for the purpose of that trade.”

The funding “genuinely contributed to the making of the relevant film and the only purpose of doing so was to derive a profit from the film through the relevant ...