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Hidden public artwork

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ScaredyCat
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Joined: 19 May 2012
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PostPosted: 15:48 - 22 Feb 2017    Post subject: Hidden public artwork Reply with quote
HMRC has a Conditional Exemption Incentive scheme, which allows for inheritance and capital gains tax to be waived if the owner undertakes to make works of art available to the public for viewing.

The thing is, if the artwork is hidden away, you can't ask to see it. So,

https://openiart.uk/

There's a lot of bawwwing by owners who neither want to pay tax on the artwork nor want the public to see it.
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ThatDippyTwat
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Joined: 07 Aug 2016
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PostPosted: 00:08 - 23 Feb 2017    Post subject: Reply with quote
Now that is a nice big "fuck you" to those thinking no-one would bother.
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Islander
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Joined: 05 Aug 2012
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PostPosted: 23:50 - 23 Feb 2017    Post subject: Reply with quote
I remember Mark Thomas doing an expose on this in one of his TV series. Nicholas Soames and a Buffet spring to mind...
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thx1138
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Joined: 06 Oct 2005
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PostPosted: 00:25 - 24 Feb 2017    Post subject: Reply with quote
Islander wrote:
I remember Mark Thomas doing an expose on this in one of his TV series. Nicholas Soames and a Buffet spring to mind...


yeah I remember that too Laughing Thumbs Up
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