Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Investors definition

What does Investors mean? In private equity practice, investors are the persons or entities that commit capital to a fund in return for economic returns and contractual rights under the fund documents. In the UK and Ireland, private equity funds are commonly structured as English or Scottish limited partnerships or the Irish ILP; investors typically participate as limited partners (LPs). Investors are mainly institutional: occupational pension schemes, insurance companies, sovereign wealth funds, funds of funds, and university or charitable endowments. High‑net‑worth individuals and family offices also invest, often via feeder, nominee or aggregator vehicles. Some may make co‑investments alongside the fund. The term...

UK film and television tax reliefs (CTA 2009 Part 15): eligibility, cultural tests and credit calculations; transitional rules for productions before 1 April 2025, claims allowed until 31 March 2027

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Practice notes

ARCHIVED :

This Practice Note is archived and not maintained. It gives guidance on tax reliefs available to British films and television programmes made or in development before 1 April 2025. From 1 January 2024, a new tax credit, the audiovisual expenditure credit (AVEC), replaced the prior regime. Productions made, or still in development, before 1 April 2025 can continue to claim the old reliefs until 31 March 2027. New productions beginning on or after 1 April 2025 can claim only AVEC. This Note focuses on the former scheme, not AVEC; for AVEC, see Practice Note: The UK film and television audiovisual expenditure credit scheme. In the UK, creative sector tax reliefs under the Corporation Tax Act 2009 (CTA 2009) apply to British films and television programmes.

This Practice Note covers:

the creative sector tax reliefs introduced by the Finance Act 2014;
treating film and television as British;
qualifying as a UK production company;
calculating relief (with example computations);
cultural tests; and
tax credit calculations (including the golden points rule and...

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Amy Watkins

Latham & Watkins

Amy Watkins is a knowledge management lawyer in the Tax Department of Latham & Watkins’ London office and is a member of the Chartered Institute of Taxation. Ms. Watkins has extensive experience advising on the tax aspects of M&A and private equity deals, reorganizations, capital markets offerings, and finance transactions. She has acted for a broad range of corporate and financial clients. Prior to joining the knowledge management team at Latham and Watkins, Ms. Watkins was an associate in the Tax Department. Before joining full-time in 2009, she was a trainee solicitor at the firm....

Thomas O’Malley

Latham & Watkins

I trained in Latham & Watkins London office, working on a variety of matters across different practice areas, including tax, data and technology transactions, finance, and competition. I am an associate in the Tax Department of Latham & Watkins’ London office. ...

Web page updated on 22/05/2026

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