For a production accessing the Producer Offset, the preferred structure is usually the combination of a production company and a Special Purpose Vehicle (SPV). The SPV is a Pty Ltd company established specifically for an individual production. Using an SPV keeps the production’s finances and activities separate from those of the broader production company, including
Using Special Purpose Vehicles for filmmaking in Australia Read More »
The Producer Offset is a refundable tax offset for money spent in Australia (or by Australian companies) making an Australian film. Because it’s refundable, you can receive a tax refund even where no tax has been paid. It’s worth 40% of your company’s total Qualifying Australian Production Expenditure (QAPE) if distribution is commercial release in
What is the Producer Offset? A guide for new producers Read More »
Money makes the world go around – and it makes productions happen. With each potential funding option, there are a few distinct things you should look out for. Make sure you go into any project with your eyes open to First things first. No matter how you intend to fund your next project, it’s important
Common production funding options – and the traps to look out for Read More »
If you’re reading this, you’re probably asking yourself “what do I do to better manage the money of my next – or current – production?” This is our third and final post in this series, all geared toward answering that question. In the first two posts of this series, we walked through the ‘pre-pre’ and
[Series] Tax, accounting and filmmaking – Production and Post Read More »
You’ve made it through all the ‘pre-pre’ stages, and we’re ready to say this is a real project, greenlit and 100% ready to go ahead. It’s time to really get started. It’s time to dive into pre-production. If you read Part 1 of this series, you already know all about the ‘pre-pre’ production stages. If
[Series] Tax, accounting and filmmaking: Pre-production Read More »
What is the lifeblood of filmmaking? Is it the story? The craft? The magic that happens when a group of skilled individuals come together to make something great? I really wish it was any of these things. But here’s the sad reality: it’s money. Money is the thing that enables us to bring our ideas
[Series] Tax, accounting and filmmaking: Pre-Pre-Production Read More »
When setting up a Special Purpose Vehicle (SPV) to use in the Producer Offset, you need to give some thought as to how you get the Offset out of the SPV to a relevant entity once it is paid. The Producers Offset comes back to the SPV in the form of a tax rebate, and as such there is no tax payable on it. The issue is how to get the rebate from the SPV to an entity where you can actually make use of the rebate.
Getting Your Producer Offset Money Out Of Your Special Purpose Vehicle Read More »
