Man Utd manager Fergie awaits tax ruling over film investment

They invested in a Future Films scheme and bought rights to distribute two Walt Disney films, according to the Daily Mail. By borrowing heavily, the film partnership's 250 members claimed they had made huge initial losses on their investment, which they could set against their income to reduce tax bills. However, the taxman has challenged the rebates and a tribunal ruling is imminent. Separately, 34 investors in film schemes put together by a related company, Future Capital Partners, and Dover Street Capital have issued a High Court claim over four film partnerships in which they i...