gordon brown's plans to eliminate tax relief on sale and leaseback film partnerships will cost investors millions
Changes governing the taxation of sale and leaseback film partnership schemes announced in the Budget could cost investors millions in lost tax relief. The Chancellor has eliminated the tax relief on sale and leaseback film partnership schemes, which were aimed at financing TV productions, although this is to be retained on productions intended for cinematic release. Implementation of the decision is to be discussed with the industry and will be denied to schemes where production was completed before 1 January 2002 but as of 17 April had not received its tax relief qualifying certifica...
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