Tag Archives: acceptance in lieu

IAL members’ event in partnership with Sotheby’s – Protecting the UK’s heritage

Posted on: November 5, 2022 by Emily Gould

An event held on 24th October in the inspiring surroundings of Sotheby’s Mayfair premises provided members of the IAL and friends of Sotheby’s with a fascinating insight into the challenges and opportunities involved in caring for heritage in the 21st century UK. The seminar brought together representatives from the public and private sectors to discuss […]

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 […]