Category Archives: Tax

An afternoon of ‘Art on the Move’ at Maurice Turnor Gardner

Posted on: June 25, 2019 by Julia Rodrigues Casella Hommes

Last Wednesday, the Institute of Art & Law together with Maurice Turnor Gardner hosted a number of talks and panels on the topic of ‘art on the move’ and the legal issues involved from title and export controls to bailment and the impact of Brexit. Speaking to a packed room, MTG’s and IAL’s teams were […]

Art & Taxation Afternoon Seminar

Posted on: June 8, 2018 by Holly Woodhouse

Yesterday, on Thursday the 7th June, the Institute of Art and Law held an afternoon seminar at the Swedenborg Society, with the gracious support of Hunters Solicitors. The focus of the day was Art and Taxation, drawing together a dynamic programme of topics including, tax planning, tax incentives, disputes and VAT in relation to art […]

Artworks now considered depreciable assets in Japan

Posted on: March 25, 2015 by Makoto Shimada

Over the last couple of months, Japanese companies have been flocking to galleries to purchase inexpensive artworks. This trend is a result of a significant governmental change in relation to taxation policy which was adopted from January 2015. According to the newly amended Corporate and Income Tax Law Interpretive Regulations announced by the National Tax […]

Upcoming seminar: Succession Planning for Art

Posted on: January 20, 2015 by Ruth Redmond-Cooper

On 25 February 2015, there will be an IAL evening seminar hosted by Collyer Bristow LLP in London entitled Succession Planning for Art: Owners, Collectors and Creators. The seminar will examine the most effective ways in which artists, dealers and collectors can ensure that, following their death, their wishes concerning the disposition and management of their estate […]

UK government took in £125 million through AIL and CGS

Posted on: September 25, 2014 by Alexander Herman

It has recently been reported that nearly £125 million worth of art has been handed over to the UK government in lieu of tax liabilities between the years 2009 and 2013. This is the result of the government’s ‘acceptance in lieu’ scheme (AIL), whereby works of art can be transferred to the state in order to offset inheritance taxes, as […]