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New hope of tax relief could stem drain of art from historic properties

06 December 2002

THE prospect of tax relief for the maintenance of historic properties has come a step closer thanks to a new Government-backed study. If introduced, it could stem the disposal of works of art, whose sale currently funds 26 per cent of maintenance on such properties.

Spectre of art tax scandal looms

12 June 2002

THE head of one of the United States’ biggest industrial conglomerates has quit the company after being indicted on charges of sales tax evasion on paintings valued at $13m.

The Budget

23 April 2002

“Thank goodness he didn’t put up VAT”, said one dealer in response to Gordon Brown’s budget – the worst fears of the trade did not come true last week.

TEFAF revive the fight over European art market taxes

11 March 2002

THE new survey of the European art market commissioned by The European Fine Art Federation makes for grim reading.

Tax deal struck for Mariana

26 April 1999

UK: CHRISTIE’S and Agnew’s have confirmed that they have successfully negotiated the sale of the Millais masterpiece Mariana in the Moated Grange to the nation in lieu of tax.

Latest acceptances in lieu of tax

19 April 1999

ARTS Minister Alan Howarth has announced a new list of works accepted for the nation in lieu of tax.