Best Tax Incentive Ever ?

Section 481 Film Finance - Get €3,300 of you tax back at no cost !!!!!!

Some people put this in place every year and reap the rewards, don't panic it's around until 2015.
It's what they call a no brainer.

• No up front capital required, money is provided by prearranged loan facility

• If you pay enough tax at the top rate you will receive €3,300 back into your hand

• Very low risk, out of 149 of these deals only 3 have fallen down, (all movies, to lessen the risk investment will only be made into TV programs)

Look at the finer points and have a good think about it.

What is the Film Finance (section 481)?

• Section 481 was introduced by the Irish Government in 1987 to promote the Irish film Industry,
  
• System for tax breaks on film production
• Tax relief on 100% of investment available

How Much should i invest?

• An individual investor can invest any amount between €10,000 and €50,000
• Investment amount should match income taxable at the top rate of tax
• Investors receive tax relief on their investment at the marginal rate of 41%
  

What is the investment process?

• Borrow €50,000 split into two loans (€33.4K, €16.6K)
• invest proceeds of the loan into film
• Receive film 3 cert, 2 months later
  
• give cert to employer
  
• gross salary adjusted for tax credits
  
• repay lesser loan using tax rebate
  
• keep the balance

How are loans repaid?

• Financing pre-arranged at start of the process
• Loan split into 2, €33.4K and €16.6k
• The smaller loan is paid off by your tax rebate
  
• Larger loan is paid off by producer of programme

What are the risks?

• The film does not get made and the revenue with draw tax relief

How can i apply?

• Call us on 01 2932373 and we'll do the rest.

We really see this as a great opportunity

www.whitestar.ie

Welcome blog

Hi and welcome to the first of many blogs from White Star Finance.

We've all seen alot of change over the past few years, with the biggest change probably happening to peoples personal finances. Since the start of the uncertinaty in our economy our clients have been asking our opinions on their personal finances and asking questions such as 'is the ECB going to cut the base rate? If so what does that mean to me?. Are the irish banks going to increase their margin, if so what will it cost ? Is it fair on the people of Ireland?'. And more recently with Whats happened between Quinn direct and the financial regulator people have been asking about thier health insurance 'are our policies safe, will our claims be met'?

The White Star Finance Blog is designed to answer the questions you may have regarding your prsonal finance, it will offer you insightful tips on how save money in these trying times and we'll offer our professional opion on the important topics that matter to you.

Watch out for the first installment of the White Star blog on it's way soon.

www.whitestar.ie