Cullen: Tax move puts €150m worth of film ‘in the pipeline’

MORE than €150 million worth of film and television projects are in the “pipeline” as a result of recent tax relief changes, Arts Minister Martin Cullen has claimed.

Mr Cullen, who visited the set of American romantic comedy, Leap Year, at Dublin Castle yesterday, said it was one of the films being shot on location in Ireland because of changes to Section 481 — the Irish tax incentive for film and television,

Mr Cullen said he persuaded Finance Minister Brian Lenihan to increase the investor cap for those wanting to invest in film in Ireland from e31,000 to e50,000 and also to increase investor relief from 80% to 100% in the October Budget. The changes began last month.