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