BIM56510 - Film and audio products: avoidance: where to find guidance

There have been several types of tax avoidance schemes and devices relating to films. The principal parts of this guidance dealing with each of these is as follows.

• TV programmes and products ( BIM56110 onwards).
• Inflated acquisition price ( BIM56335, BIM56435 and BIM56450).
• Double and multiple dipping ( BIM56255, BIM56360 and BIM56530).
• Non-recognition of sale proceeds ( BIM56243 and BIM56420).
• Deferments and participations ( BIM56385 and BIM56515).
• Exit schemes ( BIM56425, BIM56445, BIM56600 - individuals, and BIM56650 - corporates).
• Reinvestments ( BIM56520).
• Transfer pricing ( BIM56525).
• Partnership loss manipulation schemes ( BIM56535).
• Partnership schemes where partners contribution not at risk – limited recourse and non- repayable loan schemes ( BIM56545).
• Partnership – losses derived from exploiting a licence – exit schemes – print and advertising schemes ( BIM56555).
• Film partnership – guaranteed income schemes ( BIM56565 following).
• Tax deferral beyond 15 years ( BIM56700).