More News‘Da Vinci Code does qualify for tax breaks’

‘Da Vinci Code does qualify for tax breaks’

Film financier reassures UK investors following High Court action

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.

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.’

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