Tax & Heritage Advice

Bonhams works with our clients and their professional advisors in offering advice on the complex area of Heritage taxation.

Bonhams Valuations teams are now operating remotely. We are still able to provide estimates for sale, and more formal valuations for trusts & estates, probate & inheritance tax, insurance & open market. Please do not hesitate to contact us for further information.

We can assist UK individuals, executors and their advisors with the complexities of the available Heritage schemes. Estates and individuals can, in the right circumstances, utilise these schemes to mitigate capital taxes.

FOR ESTATES

- We support applications to the 'Acceptance in Lieu' (AIL) and Conditional Exemption schemes for 'pre-eminent' assets
- Liaison on your behalf with potential 'receiving' institutions, using the breadth and depth of Bonhams specialists contacts
- Production of comprehensive reports ready for presentation to Arts Council England

FOR INDIVIDUALS AND COMPANIES

- We identify suitable works that might qualify for the Cultural Gifts Scheme (a lifetime scheme that enables the donor to offset a proportion of the value of an asset(s) against their tax liability)
- Assistance with private treaty sales to the Nation for previously exempted items
- Preparation of other Capital Tax valuations and calculations

CONTACT US

[email protected]
+44 20 7468 8340