The UK tax write-off is found in Section 48 of the Finance (No. 2) Act 1997. This was added to by the Finance (No. 2) Act 1999 which extended the relief by a further 3 years until 1 July 2005. There are three conditions to be met before Section 48 applies:
1. the expenditure must be incurred after 2 July 1997 and before 1 July 2005;
2. the total production expenditure on the film must be £15 million or less;
3. the film must be 'completed' after 2 July 1997.
The government issues detailed Statements of Practice which should be consulted for any changes.
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