Tax incentives for acquisitions

We want as many people as possible to be able to enjoy important cultural items and collections. The schemes below help public collections acquire important items for public enjoyment.

Gilbert & George artworks hang in a gallery.

Acceptance in Lieu

Allows individuals to transfer items into public ownership while paying Inheritance Tax

A collection of Theatre artefacts within an exhibition at Royal West of England Academy (RWA), Bristol800 Weekender.

Cultural Gifts Scheme

Allows individuals to donate important objects to public collections in return for a tax reduction

A gallery attendant hangs artwork at RAMM Exeter.

Private Treaty Sales

Allows public collections to purchase important items at a price that benefits both purchaser and seller

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Image captions
Top left to bottom right: 1. Gilbert & George Artists Rooms at RAMM. Photo © Marcus Leith. 2. Centre Stage : Celebrating Theatre In Bristol. Image credit Alice Hendy. 3. Gilbert & George's Artists Room at RAMM Exeter. Photo © Jim Wileman