Film Finance: Opportunities For Jersey

Jersey has become a thriving base for film financing, a trend which look set to grow over the coming months. Studios are financing through the UK in greater numbers and many are choosing to use Jersey limited partnerships within their structures to maximise their UK tax reliefs. This has provided a consistent and profitable source of work for many local corporate service providers, banks and their legal advisers.

Investment in the UK from overseas-based studios and production companies increased in 2006 by 83%, in real terms, by £570 million. 2007 could be the Jersey’s most lucrative film year ever because the UK HM Treasury will continue to offer up to 20% tax relief for small budget films, whilst big budget films costing over £20 million will receive up to 16%.