Policy paper

Guidance on the Cultural Gifts Scheme

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

Government is currently consulting on draft tax legislation

Documents

Guidance Notes on the Cultural Gifts Scheme

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Guidance Notes on the Cultural Gifts Scheme

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (eg a screen reader) and need a version of this document in a more accessible format, please email publications@culture.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Detail

Government is currently consulting on draft tax legislation which sets out how a tax reduction could be applied to an individual’s or company’s liability to income and capital gains tax or corporation tax, as appropriate when they have successfully donated an object to be held for the benefit of the public or the nation. The provisions for this are to be contained in a Schedule to the Finance Act 2012.

The donation must be made in accordance with a scheme set up by the Secretary of State for Culture, Olympics, Media and Sport. The following document constitutes the Scheme for the purposes of that Schedule and provides practical guidance on how to make an application to donate an object under the Scheme.

Interested parties can comment on the Guidance. Comments should be sent by email or post to:

Mark Caldon
International and Cultural Property Unit
Department for Culture, Media and Sport
2-4 Cockspur Street
London SW1Y 5DH
email: mark.caldon@culture.gsi.gov.uk

The closing date for comments is 29 February 2012.