News


Categories

Tax


Dr Ferdinand Mainzer

London and Birmingham museums benefit from tax scheme for doctor’s portrait

22 May 2021

The National Gallery in London and Birmingham’s Barber Institute of Fine Arts will both benefit from the acquisition of a portrait by German artist Lovis Corinth (1858-1925).

Portrait of a Girl by Isaack Luttichuys

National Gallery acquires fourth picture from late art patron via tax scheme

20 April 2021

The National Gallery has taken ownership of a portrait by Isaack Luttichuys (1616-73), the first work by the artist to enter a British public collection.

L’Écuyère by Marc Chagall. Photo Courtesy of Christie’s.jpg

Record year for Acceptance in Lieu schemes with £65m artworks accepted for the nation

21 December 2020

A record amount of paintings, antiques and historic objects were saved for the nation in lieu of tax in 2020, with £65m of objects accepted.

img_26-3.jpg

Brexit: Imports and Exports from January 1

14 December 2020

A number of changes will affect the import and export of goods from January 1, 2021, when items moving between the UK and the EU will have to undergo customs formalities and border control, like any other country.

1. Portrait of a Boy, three-quarter-length, holding gloves, Adriaen Jansz. van Ostade (1610-1685).jpg

Fitzwilliam Museum acquires European masterpieces from the estate of banker George Pinto

26 September 2020

Cambridge University's Fitzwilliam Museum has acquired three paintings for the nation from the estate of George Pinto (1929- 2018).

img_1-1.jpg

US tariffs on Chinese art take effect as New York auction series begins

07 September 2020

This month’s Asian art series in New York could be the last sales to avoid the new trade tariffs that have been imposed by the Trump administration.

2444NEDI Liotard.jpg

National Gallery acquires trio of 18th century pictures from late art patron via tax scheme

22 May 2020

The National Gallery has taken ownership of three pictures by 18th century greats Jean-Etienne Liotard, Thomas Gainsborough and Sir Thomas Lawrence.

Petworth Antiques Market 1.jpg

Budget 2020: Business rates scrapped for small shops and galleries

11 March 2020

Art and antiques dealers welcomed news from Chancellor Rishi Sunak that the government will abolish business rates for small businesses this year but warned more still needs to be done.

Albarello. Photo Courtesy of Sam Fogg, London.jpg

‘Outstanding’ maiolica medicine jar bought by British Museum in tax arrangement with dealer Sam Fogg

28 February 2020

A sixteenth century double-handled maiolica albarello, bought by Mayfair dealer Sam Fogg in 2014, has been acquired by the British Museum.

Sotheby's New York

US tariffs on Chinese art “diverts market elsewhere”, says Sotheby’s

08 January 2020

Sotheby’s has added its weight to the art market’s response against President Donald Trump’s imposition of import tariffs on Chinese works of art in the US.

img_8-1.jpg

Antiques trade welcomes plan to slash some business rates from April

06 January 2020

Trade bodies and dealers with shops have given a collective thumbs-up to the new Conservative government’s pledge to slash small business rates by half.

Orpheus crop.jpg

Mod Brit artworks gifted to nation will go on display at Hepworth Wakefield gallery

03 January 2020

Three works by Modern British artists will go on display at The Hepworth Wakefield gallery following a donation via the government’s Cultural Gifts Scheme.

christmas-covent-covent-garden-lights-1863920.jpg

At last! Some Christmas cheer for high street dealers

21 December 2019

Trade body leaders and dealers have given a collective thumbs up to the new Conservative government’s pledge to slash small business rates by half.

US China flag.jpg

Christie’s seeks exemption from Chinese import tax in US

08 November 2019

Christie’s has been praised for its stance on US tariffs on Chinese art after it became the first art market firm to seek exclusion from the tax, part of the ongoing trade war between the US and China. Late in October, Christie’s applied for exemption from a “punishing” import tax on seven types of Chinese art.

Main pic.jpg

Irish dealers pitch environmental credentials to win VAT-free status ahead of Brexit

17 September 2019

The Irish Antique Dealers Association has written to Ireland’s finance minister to press for VAT-free status as a green retail business, to relieve them of the 13.5% value-added tax they currently pay.

Whitehouse.jpg

US tariffs on Chinese art widened to include books and increased to 15%

02 September 2019

A tax on imports into the US of art, antiques and objects made in China took effect today.

img_5-1.jpg

Renewed threat of US tax on Chinese art

19 August 2019

A UK dealer is considering moving Chinese objects to the US earlier than planned in the hope of staying ahead of import tariff changes.

donald-trump-2394ne-20-05-19.jpg

Art is back on Trump's China tariff list

14 August 2019

Dealers in Chinese art remain on high alert as art and antiques appeared on a new list of Chinese goods facing a 10% US import tariff from September 1.

Trump's proposed US tax on Chinese art imports ‘would harm local trade and benefit China’, trade officials told

28 June 2019

A renewed threat to tax Chinese art imports into the US, including those from the UK, would harm the local antiques trade and instead benefit China, US trade officials have heard.

Chippendale

Victoria and Albert Museum acquires Chippendale's Harewood House pier tables and mirrors for the nation

18 June 2019

A set of pier tables and mirrors from the Thomas Chippendale workshop has been accepted in lieu for the nation and allocated to the Victoria & Albert Museum.