The UK Indie Film Tax Credit is official
The Independent Film Tax Credit (IFTC) has officially passed into law, confirmed by UK culture secretary Lisa Nandy as the BFI London Film Festival starts its run today. First time production with budgets of up to GBP 15 million which have started principal photography on or after 1 April 2024 will be eligible for the 53% tax relief. The new incentive will be available from 30 October 2024.