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A society asked whether investments could be made at any stage of live show production before the producer obtains the official certification from the National Institute of Performing Arts and Music. The DGT confirms that production costs can be invested at any stage, before or after incurrence, up to the point of obtaining the certification.
Investors may contribute to live performance production costs at any stage prior to certification, with no restriction on timing.
The tax team reviews your specific situation.
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