Nation gets art worth record £60m in tax breaks

Works of art by Rubens, Hirst and Peter Lanyon were included in a record year for art and historic artefacts coming into the public domain through the Cultural Gifts (CGS) and Acceptance in Lieu (AIL) Schemes.

In 2018-19 the two tax relief schemes were worth £58.6m, the highest since the CGS began in 2013, and double last year’s total.

A bronze sculpture of a pregnant woman by Damien Hirst, a portrait of the Emperor Charles V by Rubens (pictured), a Samuel Palmer landscape, archive material relating to Clement Attlee, Tony Benn and Lord Trenchard, founder of the RAF, and a page from Darwin’s Origin of Species manuscript.

Sheepfold by Samuel Palmer

 “The Acceptance in Lieu and Cultural Gifts Schemes are vital mechanisms through which exceptional items enter public collections: said Edward Harley, chair of the Acceptance in Lieu Panel. “It is heartening to see that the list of first time allocatees continues to grow and that it has been a bumper year for high value items going outside the capital.”

Peter Lanyon's sketch for Birmingham mural

Culture secretary Nicky Morgan added: “By giving to public collections donors are not only ensuring that their items will be appreciated for generations but also giving smaller and regional institutions across the UK the chance to receive and display important works”.

https://www.artscouncil.org.uk/publication/cultural-gifts-scheme-acceptance-lieu-annual-report-201819

 

 

Print Email

AINews