[Series] Tax, accounting and filmmaking: Pre-Pre-Production

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 […]

How Do I Apply for the Producer Tax Offset?

What is the producer tax offset? Before we dive in, a quick refresher. A tax offset normally reduces the amount of tax you actually pay. A refundable tax offset can actually generate a tax refund where no tax has been paid. The Producer Tax Offset – sometimes referred to as just the Producer Offset – […]

Getting Your Producer Offset Money Out Of Your Special Purpose Vehicle

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.

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