Film Relief

Overview

Film Relief was an incentive scheme designed to promote investment in film by granting you tax relief on your investment. This relief is often referred to as Section 481 relief.

Please note that this scheme is closed to new applications. For further information on the replacement scheme please see Film Relief under Corporation Tax.

You can claim tax relief on 100% of your investment, up to a maximum of €50,000 in a tax year. If you cannot receive relief on all of your investment, you can carry it forward to the following year.

There are conditions controlling the investment in relation to:

  • a qualifying film
  • a qualifying company
  • qualifying investors
  • relevant investment
  • shares.

Further Guidance:   S.I. No. 357 of 2008 - Film Regulations

Next: Qualifying film