FILM-INVESTMENT

Gideon Sanitt (Macfarlanes) examines the decision in Ingenious that provides some guidance as to how courts might determine whether there is a genuine commercial trading arrangement with a view to profit.

I was reading an article on AccountingWeb the other day. It started:“In recent years, tax-saving schemes involving films have got their promoters into hot water and roasted unfortunate users in the newspapers. So why is the British Film...