Investors are flocking to join the Section 481 tax relief scheme that helps finance TV and movie productions, according to a report in The Sunday Business Post.
By mid-July accountancy firm Horwath Bastow-Charleton expects to have raised more than €50m, with several likely projects in the pipeline earmarked for the money, including Camelot – a ten-part TV series from the makers of The Tudors.
John Gleeson, tax partner at the accountancy firm, said Camelot was the largest Section 481 project to date. The budget is $47m (€39.2m), with €24.5m being spent in Ireland.
