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PRODUCER'S GUIDE TO SALE AND LEASEBACK The current UK tax legislation allows for a 100% write off of film production costs for a qualifying British Film in the year of completion or acquisition of the film. The Government's stated objective when introducing such tax deductions was to offer producers a means to reduce the cost of their film production and thus promote production activity in UK. In order to take advantage of this tax deduction it has become common practice for film producers to enter into a transaction in the form of a sale and leaseback of the film. Scotts Atlantic Film Management facilitates sale and leaseback transactions, which by virtue of the tax deduction available enables grouping individuals to purchase the film through a partnership. In order to receive the benefits of a sale and leaseback transaction, a production needs to be certified as a British Film by the DCMS. To access the relevant forms, click on the links below
International co-production form part 1 In order to access the UK sale and leaseback benefits you will require a UK co-producer if the production is set up as an international co-production. Atlantic Film Productions can provide this service. For more information on how Atlantic Film Productions can work with you, please contact John Dryburgh. For more information on co-productions, please click here. Below we have provided detailed answers to those queries most commonly raised by producers
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