For art lovers, a smidgen of good news

December 12 2011

You may remember a while ago the UK government began consulting on proposals to encourage the donation of works of art. The idea was to allow you to offset a certain amount of income or capital gains tax if you gave your Poussin to the local museum. At the moment, you can enjoy a tax deduction for doing so only if you are dead, under the Acceptance-in-lieu scheme. Under the proposed new rules, you could do so while alive - but the government was proposing to retain the current overall tax allowance ceiling of £20m pa, thus providing no new money. However, hidden in George Osborne's otherwise gloomy Autumn Statement (p.51) was the excellent news that the limit will now be raised to £30m pa.  

Notice to "Internet Explorer" Users

You are seeing this notice because you are using Internet Explorer 6.0 (or older version). IE6 is now a deprecated browser which this website no longer supports. To view the Art History News website, you can easily do so by downloading one of the following, freely available browsers:

Once you have upgraded your browser, you can return to this page using the new application, whereupon this notice will have been replaced by the full website and its content.