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Section 481 film finance

  • 02-07-2016 1:13pm
    #1
    Vorsprung
    Registered Users, Registered Users 2 Posts: 2,818 ✭✭✭


    Can anyone confirm that these investments are essentially closed to individuals? Some posts/blogs suggesting that but can't get confirmation.


Comments

  • #2
    Cute Hoor
    Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    Section 481 is now closed to individuals (since 2015).


  • #3
    Vorsprung
    Registered Users, Registered Users 2 Posts: 2,818 ✭✭✭Vorsprung


    Thanks for that.


  • #4
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    They give the benefits to the company rather than the investor now. There is similar tax schemes available like the replacement of the business expansion scheme. They invest in a few companies and give you tax relief you over 3/4 years. At the end of the period, the companies are revalued and you get the capital appreciation. There is the risk of the companies going bankrupt though.

    http://www.revenue.ie/en/tax/it/reliefs/business-expansion-schemes.html


  • #5
    Vorsprung
    Registered Users, Registered Users 2 Posts: 2,818 ✭✭✭Vorsprung


    Appreciate the info.

    Looking for a reasonably short term investment (ie 1-2 yrs), the s481s were a good deal for individuals and reasonably secure, any similarish schemes going? 3-4 years too long for what I need.


  • #6
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    Vorsprung wrote: »
    Appreciate the info.

    Looking for a reasonably short term investment (ie 1-2 yrs), the s481s were a good deal for individuals and reasonably secure, any similarish schemes going? 3-4 years too long for what I need.

    AFAIK all the handy schemes are gone. The scheme I just listed is the only decent scheme that I know of. The Government just doesnt want people to reduce their tax liability anymore. Like I have spoken to a few tax advisors and they said there is no endless lists of tax avoidance schemes like there used to be


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