How To Use Film Tax Incentives

[@AlexiOuzas]

Want to know more about tax incentives? Ask me below!

[@terrytang5367]

You have given me some valuable information! Thank you!

[@AustralianInSiberia]

Crucial education, Alex. I have done some considerable reading and have been in the relevant Media Production classes at UTS in Sydney. But: now that I have big plans, you stimulate me to get going. With what you tell us, I believe I can devise a series of plans which will sector into the budget ahead of involving my EP and my major funding prospects. You are indeed a scrupulous and a necessary operator in the local film-maker world. BLUEY QUILTY, MA for the TOM QUILTY PROJECT ASSOCIATES 2024

[@bodeguero1]

U really don't understand how great it is to have u demystify this stuff. So appreciated 🎉 thank u from NYC. Cheers!

[@AlexiOuzas]

My pleasure!

[@danielnavaezabreu4741]

Finally a youtube channel wich is focus on film finance and how the industry really works. Where have you been all my life ? jajaja. This is really helpfull, this kind of videos is enough to look for more information and start surfing in internet. I recomend you to see the context Spain is living now with this, is astonish and so important for the international film production.

[@AlexiOuzas]

Haha, I'm here for you now! Great to hear it's helpful, please let me know if there's any particular topics you would like me to cover. And thanks for supporting the channel!

[@sunlightpictures8367]

Excellent job of explaining this. Thanks!

[@AlexiOuzas]

Anytime!

[@ekim3001]

hey Alexi , thank you , it was a great explanation, now I have more alternatives, I'm still doing research for more financing.

[@AlexiOuzas]

Anytime!

[@ericdavidwallace]

This is helpful thank you. I have some experience working with the local tax incentives office in Seattle Washington. They still require you to have financing in place for your film before you can qualify for the tax rebates.

[@AlexiOuzas]

It varies state to state, and country to country, so it's always best to check the guidelines

[@jaykub1057]

Great info Alex thank you ! I think that demoing this in a flow chart or in visual form would be extremely helpful. Cheers

[@AlexiOuzas]

Hey Jaykub, do you mean a visual form showing how to incorporate a tax incentive into your finance plan? Will line it up for you.

[@balamangia8215]

@@AlexiOuzas Yes very helpful indeed. A visual would be awesome as I a visual learner!

[@karlbradshaw4642]

Great Job in explaining. Can you break down how the financing would look to where it would make sense for an investor to upfront to whole production cost with a finance example?

[@AlexiOuzas]

You would just get them to finance the entire budget and then any benefits from tax incentives would be paid back to them

[@coachzach]

Really helpful video Alexi, thank you! Yes, I'd love to learn more about the timeline and budgeting of financing a film. For example, how do you get your ballpark figures of how much you need to raise? Who is your first hire / what are your barebones costs, must haves, for even a low budget film? Thanks again!

[@AlexiOuzas]

No probs, thanks for checking it out! Thanks for the feedback, will add these to my content schedule and get them out in the coming weeks.

[@DevinRoss207]

Hey Alexi, I am starting to looking into funding for my film in Maine and did research on Maine Tax credits and saw some options and would love to talk more about it with you to get a clear understanding. Would love to chat more

[@AlexiOuzas]

Hey, see the link in my description

[@CashCassidy]

thanks bro

[@LarriceDukes]

can you share how to assign the tax credit if transferable

[@AlexiOuzas]

I haven't done it personally but there are brokers who do this (and take a cut)

[@AmarisPueyes-Mendez-lg5it]

What is the difference between refundable tax credit and rebate? This video was super helpful btw - thanks!

[@AlexiOuzas]

A tax credit is a credit against your tax liability. If it's refundable, it means that if you don't have a tax liability (because you are running a loss and there is no profit to tax) you can receive the money as a refund. A rebate means you receive the money regardless of your tax liability. Hope this explains it!

[@deckersadowski4747]

Can you explain this with numbers? Thank you!

[@philgb69]

Thanks Alexi - I have subscribed so look forward to seeing more videos. Am I correct in assuming that... say you are approaching one private investor for the entire budget and you can get a 40 percent tax/cash rebate. That means you can guarantee that the investor will get back 40 percent of their initial investment?

[@AlexiOuzas]

Hey Philip, thanks for subscribing. That's right, you can guarantee them that money back, though there is still some risk in terms of the actual dollar figure that will be returned. For example, if you don't spend as much in that country/state as you expected, the amount you get back from the rebate will decrease. Your other option is to raise 60% from a private investor and borrow the 40% from a finance company.

[@philgb69]

Thanks for the prompt reply Alexi. Folk like you make KZbin a joy to use, a powerhouse of learning. I’ve been trying to get some clarity on tax incentives for ages. Thank you. Top man.

[@AlexiOuzas]

@@philgb69 anytime mate, you know where to find me ;)

[@drewgayle8325]

I still did not get one for the last piece on this subject no. 3 which I have as production

[@drewgayle8325]

Hey I need to get this down because I have a screen-play and a Hollywood guy that will help but I need to get the whole thing figured out before he will talk to me . I have figured out the film budget at --- 40 % tax incentives 40% Financial and 20% distrubution but it is all I got . I would love to talk to you !!!!!!

[@AlexiOuzas]

For sure, set up a call: go.exileent.com/apply

[@TheButchBerryCompany]

But it doesn't decrease the amount you have to come up with upfront. If you can't raise that, a tax incentive is useless.

[@AlexiOuzas]

It decreases the total amount you have to come up with upfront by the amount of the tax incentive. Of course, you still need to raise the remainder of the finance in your finance plan

[@doniarogia9819]

Hello Alexi! Are you still producing films? Would love to talk.

[@AlexiOuzas]

Yes! Here is a link to set up a call: go.exileent.com/apply

[@convolution223]

2 and a half minutes in and you still haven't explained what the hell it is or how it helps.

[@GSPROLES33]

Which production companies have the best reputation as a full service provider for incoming International production companies? Looking for one to pair with this fall in Japan- Osaka area & possibly Hokkaido

[@AlexiOuzas]

No idea, sorry

[@DougRoss]

Thank you Alexi for making the complicated simple. We lost our main Australian investor so I am back home in the DC area starting the finance game over. I created a video synopsis for the project to be sent to production companies that have a relationship with streamers and studios. kzbin.info/www/bejne/q4SWoHh9ebOdhtE For now, I'm researching the Maryland tax incentives criteria (applications open July 5) and also looking at the Western Australian tax incentives with a partner, director Dean Head in Perth.

[@AlexiOuzas]

Sorry to hear your investor dropped out but it sounds like you're still moving ahead. Best of luck on the journey!