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Peters & Peters currently represent a group of investors in High Court proceedings against Ingenious Media and others. The proceedings are at an early stage and are funded by an established litigation funder.

The First-Tier Tax Tribunal (FTT) released their decision on August 2 2016 (in the matter of Ingenious Games & Ors v HMRC).

The FTT’s decision is lengthy and complex, and the tax consequences of the FTT’s decision for individual investors have not yet been finalised. However, the FTT has found that the partnerships used to run the investment schemes did not operate in the way described and that the majority tax relief claimed by the partnership is not allowable.

There may be a limited window of opportunity for further investors to join the litigation.

If you would like to discuss in strict confidence, please contact Jonathan Tickner or James Le Gallais on 0207 822 7777, or by email: filmschemes@petersandpeters.com.

The Proceedings

The proceedings are funded by a leading litigation funder, and we would look to secure similar arrangements for other investors.

If you have invested in a film scheme and would like to explore your options with us, please complete the form and we will be in touch.

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