George Clooney and Julia Roberts’ recent arrival on Hamilton Island is one of the latest and greatest results of the Australian federal government’s Location Incentive Program.
‘Ticket to Paradise’, which reportedly received a $6.4 million grant, is expected to generate $47 million for the Australian economy and create more than 270 jobs.
In July 2020, the government announced a $400 million boost to location incentives, specifically targeting international projects. Thanks to Australia’s relatively successful handling of the pandemic, the program has been achieving favourable results.
In this new and cautious era of operating in the film, television and arts industries, there are unique challenges to be navigated, and this is particularly relevant in the areas of film audit and taxation.
At Rosenfeld Kant, we have conducted more than 750 film audits, including recent projects Young Rock, Invisible Man, Mystery Road, Stateless, Alien TV, 100% Wolf, Texas Flip N Move and many other productions of varying scale.
We offer a dedicated Film Services Division, including Gary Williams (Partner), Tamara Kay (Tax) and Melissa Telese (Audit), with many years’ experience advising the industry.
Our expertise in film audits and related taxation advice has developed over the past 44 years, during which time we’ve developed specialised experience advising the film, television and arts industries, including many local and overseas clients.
We can assist with:
- QAPE Audits for the Producer, PDV and Location Offset
- Investor Audits
- State Spend Audits
- QAPE Opinions
- Company Establishment and Member’s Voluntary Liquidation
- Tax Planning
- Lodging of the tax return to obtain the tax offset
For specific advice on your film, television or arts project, please contact us on 02 9375 1200.
Partnering with you to deliver efficiencies, growth and success for your business.
The information (including taxation) contained within this article is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Rosenfeld Kant strongly suggest that no person should act specifically on the basis of the information in this document but should obtain appropriate professional advice based on their own personal circumstances.