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French government backs down on art tax

22 October 2012

In the face of strong opposition from the art world, the French government appeared to back down last week from a move to include works of art valued at over €50,000 in annual assessments for wealth tax.

Tax break now for giving while you’re still living

19 December 2011

MORE cash has been made available to provide tax breaks for people who donate art to public institutions – and now it can apply during their lifetime.

EBay targeted in hunt for tax dodgers

04 July 2011

INDIVIDUALS buying and selling goods over the internet are to be targeted in the latest crackdown by the taxman.

Inheritance tax break may damage lifetime giving, says specialist law firm

18 April 2011

BUDGET proposals to encourage art giving by discounting inheritance tax could actually damage wider philanthropy says a specialist law firm.

Industry holds its breath over changes to Capital Gains Tax

01 June 2010

INDUSTRY specialists are keeping a sharp eye on developments in the Capital Gains Tax (CGT) debate – and especially on whether any rise will be accompanied by a reintroduction of taper relief.

Lloyd Webber dispute resolved

12 June 2009

A DISPUTE between Lord Lloyd Webber and the HM Revenue and Customs over the purchase, with the aid of taxpayers' money, of J.W. Waterhouse's St Cecilia by the Andrew Lloyd Webber Art Foundation, has been settled out of court.

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Christie’s to offer tax-free storage

26 May 2009

CHRISTIE’S Fine Art Storage Services (CFASS) have announced that they will open a new facility at The Singapore Freeport in January 2010, offering a secure tax-free location for the storage and transaction of fine art and antiques.

Taxman offers a sympathetic ear on business payments

09 February 2009

THE Inland Revenue are calling for more firms to use their new Business Payment Support Service after receiving more than 44,500 phone calls asking for help since it was launched in November.

Treasury allay art market fears over non-doms

17 March 2008

THE Treasury have calmed fears that new rules on tax for non-domiciles could damage the UK’s art market.

Art market fears remain over non-doms policy

18 February 2008

DESPITE the Treasury’s review of new rules on tax for non-domiciles in the UK, questions remain over the status of offshore trusts.

New tax threat to London art market

03 December 2007

TREASURY plans to close tax loopholes for the wealthiest foreigners living in the UK could seriously damage the art market, it is feared.

Pre-Budget capital gains boost for collectors

15 October 2007

Investors in art and antiques will be among the winners of a major reform of capital gains tax proposed in the government’s pre-Budget report.

New online tax guide for trade

12 February 2007

A NEW tax guide for people who trade online has been launched on the Inland Revenue’s website.

Art donations may soon attract income tax relief

02 November 2005

ART donations to public collections could soon be used to partially offset income tax.

Culture committee review spells more trouble over Droit de Suite

12 April 2005

THE added tax burden of Droit de Suite, which comes in at the beginning of next year, could be far worse than feared.

New rules open up pensions as a source for art investment

15 December 2004

THERE is growing speculation in the trade that the government’s reform of the pension industry is likely to have a significant effect on the art and antiques market.

An unwelcome change to tax our patience

28 April 2004

THE British Numismatic Trade Association have just issued a notice to their members about a new European Union import tax. As from March 1 an ad valorem duty has been imposed on any United States Mint modern products imported into the European Union under the following codes – 71189000 and 71181010.

Tax changes may force sale of valuable works of art

31 March 2004

FAMILIES with valuable homes and art collections may face extreme hardship and even bankruptcy after the Chancellor tore up the rule book on inheritance in the Budget.

Tax rebate offer over class action compensation

09 March 2004

TAXES lost to the US government during the American side of the Sotheby’s/Christie’s price-fixing settlement can be retrieved by the British trade say the US company trading in auction house class action certificates.

New guide on how to save key art works for nation

19 January 2004

Measures would not restrict art trade: BRITAIN may soon enjoy one of the most enlightened schemes for keeping key works of art in the country, thanks to the Goodison Review, which has just been published.