Consultation outcome

Gifts of pre-eminent objects and works of art to the nation

This consultation was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Download the full outcome

Detail of outcome

In addition to a summary of consultation responses, the document sets out the Government’s response.

Original consultation

This consultation ran from to

Summary

Views on a new scheme to stimulate lifetime giving of gifts of pre-eminent objects to the nation.

Documents

Consultation description

Background

Views on a proposed new scheme to stimulate lifetime giving of gifts of pre-eminent objects to the nation by offering donors a reduction in their tax liability, based on a set percentage of the value of the object they are donating.

The aim of the scheme is to appeal to owners of objects and collections who may want to see them placed in appropriate institutions during their lifetime, and to be held in perpetuity for others to enjoy. The scheme will help bolster UK heritage by making more pre-eminent objects available for public display.

Further technical consultation

Draft clauses covering the implementation of the new scheme to encourage gifts of pre-eminent objects will be included in the Finance Bill 2012, and explanatory notes giving further details of the draft legislation are being published at the same time as this document.  Draft guidance providing an outline of the scheme and how it will be operated is also being published.