Qualifying films: introduction
Any film production company (FPC) must apply the provisions of FA06/SCH4 to compute the taxable profits or losses pertaining to its activities in relation to a film.
But to be eligible for Film Tax Relief the film must meet each of three conditions:
|FPC40020||The film must be intended for theatrical release|
|FPC40030||The film must be certified as British|
|FPC40040||Not less than 25% of the core expenditure on the film must be UK expenditure. From 1 April 2014 this reduces to 10% for films which had not completed principal photography by that date.|