Cultural Gifts Scheme & Acceptance in Lieu Report 2014

We have published our 2013/14 annual report for the Cultural Gifts Scheme and Acceptance in Lieu Scheme, which has brought £45 million worth of important works of art, manuscripts and archives into UK public collections. For the second year running the schemes have resulted in record amounts of cultural treasures being brought in to public collections. 

The Cultural Gifts Scheme encourages gifts to the nation of important items during the donor’s lifetime. The report details the first full year of the Scheme which came into operation in March 2013.

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.

Find out more about our schemes which offer tax incentives in connection with cultural property.