Do you own important and valuable works of art or other national heritage property?
We have many clients who own chattels that have benefited from ‘conditional exemption’ from death duties or capital gains tax.
We have many years of experience in advising clients on how to deal with important and valuable works of art and other national heritage property. We liaise frequently with the tax departments of the major auction houses and are also experienced in handling sensitive negotiations with H M Revenue & Customs concerning public access requirements.
Developments in the law have restricted the availability of tax exemptions but for many people these remain an important way of retaining valuable items within the family.
For more information download our guide to the Acceptance in Lieu Scheme, Lifetime Giving & Conditional Exemption