Consultations & legislation
Gifts of pre-eminent objects and works of art to the nation
Issued: 29 June 2011
Open date: 29 June 2011
Close date: 21 September 2011
Background
On 29 June 2011 the Government launched a consultation ‘Gifts of pre-eminent objects and works of art to the nation’, to gather 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.
- Gifts of pre-eminent objects and works of art to the nation (PDF 559KB)
- Press notice: Government seeks views on scheme to encourage gifts of pre-eminent objects and works of art to the nation
Consultation responses
Responses from stakeholders were invited during the consultation period, which ran from 29 June to 21 September 2011. The Government received 54 written responses from museums, galleries, archives, auction houses, representative bodies, legal/accountancy firms and from devolved administrations. In addition, a number of meetings took place with a working group set up to discuss the broad principles of the scheme.
On 6 December 2011, the Government published a summary of responses which can be found below, and includes a list of all those who responded to the consultation (Annex A).
In addition to a summary of consultation responses, the document sets out the Government’s response.
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 Draft guidance providing an outline of the scheme and how it will be operated is also being published and can be found on the DCMS website.
The Government would welcome your comments on the draft legislation and these can be sent by email to: budgetexternal.mailbox@hmrc.gsi.gov.uk
Or by post to:
For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
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