Theatre Tax Relief (TTR) is a UK government tax relief that is designed to help support the theatre industry. The relief is aimed at providing financial support to theatre productions, encouraging investment in the theatre and maintaining a diverse range of productions.

TTR is available for UK productions of plays, musicals, and dance performances. It is based on the total production costs of a show and is calculated as a percentage of those costs. The percentage varies depending on the type of production, but it can be up to 20%.

To qualify for TTR, productions must meet certain criteria, such as having a minimum of 51% of the performances taking place in the UK and having at least 25% of the cast and crew being UK resident.

In addition to the production company, individual investors can also claim the relief on their own income tax returns, provided the production company is already claiming it.

The relief is intended to reduce the costs for the producers, making it more viable for them to produce more ambitious shows, more often. Also, it is intended to increase the number of productions that are staged in the UK, and encourage greater investment in theatre, so that the UK can continue to be a major player in the global theatre industry.