Report comment

Let's be honest, most high net worth tax payers - the sort of individual most likely to invest in film - are not going to part with their money unless there is a very good reason; they worked (supposedly) hard for it. In a generation when property bubbles, bull markets etc made wealth accumulation relatively easy this sort of investor has no real experience of hard graft to make it (except negotiations where they hone their skills). To get any money requires a really sweet deal to compete with ten years of property inflation. So is it tax planning or tax avoidance? Depends which side you are on. Personally, I've never met an HNW individual who'd never in a million years get there a second time, at least not in this country.