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Australian film industry incentives 2007-08

If you invest in the Australian film industry, you may be eligible for a special tax deduction. NAT 0954-6.2008.

Last updated 29 June 2009

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This publication can be downloaded in Portable Document Format (PDF): download Australian film industry incentives 2007–08 (PDF 175KB)This link will download a file here.

What deductions can I claim for investing in Australian films?

If you invest in the Australian film industry, you may be eligible for a special tax deduction.

Division 10B

Division 10B is available to residents and non-residents. It has potentially broader application than Division 10BA.

Division 10BA

A deduction under Division 10BA is available only when certain circumstances are met.

What information must I keep?

Guidance notes on information to keep.

What else should I know?

Guidance notes on foreign income deductions.

Where do I claim a deduction on my tax return under divisions 10B and 10BA?

Claiming a deduction under divisions 10B and 10BA must be shown at the correct labels.

Refundable film tax offset (RFTO) for films that commenced principal photography before 8 May 2007

A company can claim a tax offset on eligible films completed.

New film production offsets

New refundable tax offsets introduced.

QC21661