Considering cine equipment rental in Dubai over buying is one the wisest decision. It offers you great benefits. For example, it’s safer. While some filmmakers prefer to house their equipment, it’s only sometimes practical. Renting film equipment can also save money and space and reduce maintenance costs. Ultimately, your story should dictate which gear you use, so purchasing the same camera or lighting rig as your fellow filmmakers is okay.
Save you money:
If you’re planning to make a movie, consider renting film equipment instead of purchasing it outright. It will save you money, and you won’t have to worry about the costs of maintenance or repairs. In addition, if you’re done with your film, you can return the equipment to the rental company or the owner.
Tax deductions:
When you rent film equipment, you may be eligible for tax deductions. These expenses are generally deductible as business expenses. You need to keep detailed records to claim these expenses. In addition, you should make sure you are registered with local licensing agencies and have a separate bank account for your business.
The IRS has guidelines on how to claim deductions for equipment rental. The amount you can deduct depends on how you use the equipment. For example, if you rent a camera for business purposes, you can deduct 75 percent of the cost as a business expense. However, if you use the camera for personal purposes, you cannot deduct all of the cost.
Peace of mind:
Film equipment insurance is vital to protect your equipment from loss or damage. While it is unnecessary, renting high-end filmmaking equipment can give you peace of mind. For instance, you might rent a video camera and need it on the set but need a way to insure it. Getting insurance from a film equipment rental company can give you the peace of mind you need.
Risk of making the wrong purchase:
Renting film equipment is a good idea if you are in the video production business. However, there are certain risks you should consider before you make the purchase. For example, there is a chance that you will end up with the wrong camera or lens. Fortunately, there are ways to protect your investment.