‘Da Vinci Code does qualify for tax breaks’

Film financier reassures UK investors following High Court action

Written by AccountancyAge.com

Invicta Capital, the film financier which raised money from investors to finance the screen version of the Da Vinci Code, has reassured backers that money given to the film’s producer does still qualify for tax breaks under existing UK legislation, The Times reported.

The response came as copyright action taken against Da Vinci code author, Dan Brown, in the High Court threatened to halt distribution of the film.

Advertisement

Invicta Capital, on behalf of private investors, has raised £100m for Sony Pictures, the producer of the film, which has a total budget of £114m.

As the film was partially shot in the UK, it qualifies for the outgoing regime of tax breaks, which are gradually being phased out by Gordon Brown.

‘There's no way that this film won't qualify, even if there would be an issue with the release of the film,’ said Mohammed Yusuf, chairman and chief executive of Invicta. 'It's shot in Britain, it will be complete by April 5 and it is intended for theatrical release.'

Tags:

  • Have your say
  • Send to a friend
  • Share
  • Print

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

The Top 50 +50 survey 2009

All the news, views and analysis on our 2009 Top...

Elizabeth Rumsey, Virgin Galactic's FD

Profile: Elizabeth Rumsey, Virgin Galactic's FD

While Richard Branson and his Virgin Galactic team chase the...

How To guides

The archive of Accountancy Age's How To guides

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Should chancellor Alistair Darling lose his job for claiming for tax advice?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement

Advertisement