SolvedFPC70020 | Co-productions: Film Tax Relief
From HM Revenue & Customs · Film Production Company Manual
Where a co-production qualifies as British (FPC40030), the UK co-producer can access Film Tax Relief (FTR) on the same basis as any other film production company (FPC). This is the case whether the co-production has been made under the terms of the European Convention or of a bilateral treaty.
This means that a FPC is entitled to claim FTR on its core expenditure on such a co-production, provided:
the film is intended for theatrical release;
25% or 10% (whichever applies) or more of the core expenditure on the film is UK expenditure; and
principal photography commenced on or after 1 January 2007.
As with ordinary Schedule 1 (Films Act 1985) qualifying films, under transitional provisions, co-productions already filming at 1 January 2007 but uncompleted then can also claim film tax relief.