Examples of the benefit of Section 481
Section 481 allows a production to benefit up to 32% of whichever of the following is the lowest:
- All eligible expenditure (Example 1)
- 80% of total film production costs (Example 2)
- €70 million (Example 3)
Total Budget | Irish Spend | Rebate | ||
Example 1 | 10,000,000 | 4,000,000 | 1,280,000 | 32% of eligible Irish Expenditure |
Example 2 | 1,000,000 | 1,000,000 | 256,000 | 32% of 80% |
Example 3 | 90,000,000 | 80,000,000 | 9,600,000 | 32% of €70 million |
Do you want more information on how your production could benefit from the Irish Film Tax Incentive? Get in touch now!
[…] The Irish Film Tax Incentive has one of the world’s highest incentives for film and tv production. For inward productions into Ireland, Section 481 provides for 32% of all eligible Irish production spend with the possibility of increasing to 37% with the Regional Uplift. There are three caps to the finance available and you can find out more by looking at these examples. […]
Comments are closed.