Tuesday 20 February 2018

Tax breaks shoot up for film and TV investors

BIG ATTRACTION: Jessalyn Gilsig and Gabriel Byrne in 'VIkings', shot just south of Wicklow
BIG ATTRACTION: Jessalyn Gilsig and Gabriel Byrne in 'VIkings', shot just south of Wicklow
Louise McBride

Louise McBride

Ireland's profile as a destination for television production has encouraged more people to invest in dramas shot here.

The number of people putting money into films and television series through the Section 481 scheme, which offers tax breaks to investors, shot up last year to 3,772 – 40 per cent more than in 2011.

"There's been a lot of high-end film and dramas shot in Ireland in recent years, including Game Of Thrones and Vikings," said James Flynn of Octagon Films, the Dublin company behind The Borgias.

"Dramas like these have helped boost Ireland's profile and increased awareness of the Section 481 scheme."

Dubliner Gabriel Byrne stars in Vikings, which was shot here using Section 481 tax breaks.

Vikings was made in Ashfrod Studios, Co Wicklow, on a budget of €32m, with €22m of this spent in Ireland.

Investors poured €143m into Irish film through the Section 481 scheme, almost one-third more than in 2011, according to figures from the Revenue.

Sunday Independent

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