UK:
How To Ensure "Heritage Assets" Don't Become A Tax Curse
14 June 2016
Wedlake Bell
To print this article, all you need is to be registered or login on Mondaq.com.
The idea of owning fabulous art works will appeal to many but
what happens to descendants who might be faced with a large
inheritance tax bill? In the UK, there are ways of tackling the
issue - and keeping art in the public eye. This article examines
"heritage assets" – such as artwork – and
issues arising for those making and receiving bequests. An obvious
issue is tax.
Please click here to read the full article first
published in Wealth Briefing on 19 May 2016.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Tax from UK
Tax – A Shake-Up Looms
Herbert Smith Freehills
Few developments in the tax world have an impact on a truly global scale, but the so-called 'Pillar Two' rules – essentially a global minimum corporate tax – is one of them.
Tax Relief On Debt For Companies
Lubbock Fine
When financing your business operations through borrowing, one of the main considerations will be whether the interest cost is deductible, and to what extent if it is. In the UK...
UK Tax Round Up
Proskauer Rose LLP
Welcome to March's edition of our UK Tax Round Up. This month has seen a number of interesting cases covering a range of issues, from the deductibility of costs against employment income...
Foreign Capital Loss Election For Non-Doms
Lubbock Fine
The complex rules for capital gains tax relief for non-domiciled individuals (non-doms) aren't new, although significant proposed changes have been announced to the non-dom regime in the March 2024 Budget...