The idea of owning fabulous art works will appeal to many but what happens to descendants who might be faced with a large inheritance tax bill? In the UK, there are ways of tackling the issue - and keeping art in the public eye. This article examines "heritage assets" – such as artwork – and issues arising for those making and receiving bequests. An obvious issue is tax.
Please click here to read the full article first published in Wealth Briefing on 19 May 2016.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.