The Movision Partnerships ("Partnerships") are a series of general partnerships established to produce, co-produce and exploit a broad portfolio of British feature film productions with an international appeal. The Partnerships are structured to provide both Income Tax and Capital Gains Tax benefits to individual Partners and Corporation Tax benefits to corporate Partners. Partners’ funds will be used to produce and co-produce a wide variety of films, with an emphasis on long-term exploitation of film rights to maximise profitability.

To encourage the film production industry in this country, the UK Government enhanced the write-off of expenditure on British Qualifying Films from July 1997 by increasing the amount that can be written off as trading losses in a single year from 33.33% to 100%.

In the year 2002/3, Movision raised almost £17 million from private and corporate investors, resulting in some US$100 million of film production, making it the UK's largest film production tax shelter.

Tax Relief

Investment in the Movision Partnerships may be made by individual and corporate investors and should provide the following tax relief per £1 subscribed:

- individual taxpayers in the 40% tax band should receive a tax rebate of approximately £1.35;

- companies in the 30% tax band should receive a tax rebate of approximately £1.01; and

- companies in the 32.75% tax band should receive a tax rebate of approximately £1.11.

In addition, investments in the Movision Partnerships comprise assets that form part of an individual’s personal net worth statement or a company’s balance sheet.

Please refer to Sections 6 and Annex 4 of the Information Memorandum for further details of the financial illustrations and the estimated timetable for the availability of anticipated tax relief, respectively.