|Date:||8 November 2012|
|Artform:||Museums, Visual arts|
This report of the Acceptance in Lieu Panel covers the 51 cases considered and approved by the Panel over the two years 2010/11 and 2011/12.
The Acceptance in Lieu scheme enables taxpayers to transfer important works of art and other heritage objects into public ownership while paying Inheritance Tax, or one of its earlier forms. The taxpayer is given the full open market value of the item, which is then allocated to a public museum, archive or library.
|Author:||Arts Council England|