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Tax

Record year for Acceptance in Lieu schemes with £65m artworks accepted for the nation
21 December 2020A record amount of paintings, antiques and historic objects were saved for the nation in lieu of tax in 2020, with £65m of objects accepted.

Brexit: Imports and Exports from January 1
14 December 2020A number of changes will affect the import and export of goods from January 1, 2021, when items moving between the UK and the EU will have to undergo customs formalities and border control, like any other country.

Fitzwilliam Museum acquires European masterpieces from the estate of banker George Pinto
26 September 2020Cambridge University's Fitzwilliam Museum has acquired three paintings for the nation from the estate of George Pinto (1929- 2018).

US tariffs on Chinese art take effect as New York auction series begins
07 September 2020This month’s Asian art series in New York could be the last sales to avoid the new trade tariffs that have been imposed by the Trump administration.

National Gallery acquires trio of 18th century pictures from late art patron via tax scheme
22 May 2020The National Gallery has taken ownership of three pictures by 18th century greats Jean-Etienne Liotard, Thomas Gainsborough and Sir Thomas Lawrence.

Budget 2020: Business rates scrapped for small shops and galleries
11 March 2020Art and antiques dealers welcomed news from Chancellor Rishi Sunak that the government will abolish business rates for small businesses this year but warned more still needs to be done.

‘Outstanding’ maiolica medicine jar bought by British Museum in tax arrangement with dealer Sam Fogg
28 February 2020A sixteenth century double-handled maiolica albarello, bought by Mayfair dealer Sam Fogg in 2014, has been acquired by the British Museum.

US tariffs on Chinese art “diverts market elsewhere”, says Sotheby’s
08 January 2020Sotheby’s has added its weight to the art market’s response against President Donald Trump’s imposition of import tariffs on Chinese works of art in the US.

Antiques trade welcomes plan to slash some business rates from April
06 January 2020Trade bodies and dealers with shops have given a collective thumbs-up to the new Conservative government’s pledge to slash small business rates by half.

Mod Brit artworks gifted to nation will go on display at Hepworth Wakefield gallery
03 January 2020Three works by Modern British artists will go on display at The Hepworth Wakefield gallery following a donation via the government’s Cultural Gifts Scheme.

At last! Some Christmas cheer for high street dealers
21 December 2019Trade body leaders and dealers have given a collective thumbs up to the new Conservative government’s pledge to slash small business rates by half.

Christie’s seeks exemption from Chinese import tax in US
08 November 2019Christie’s has been praised for its stance on US tariffs on Chinese art after it became the first art market firm to seek exclusion from the tax, part of the ongoing trade war between the US and China. Late in October, Christie’s applied for exemption from a “punishing” import tax on seven types of Chinese art.

Irish dealers pitch environmental credentials to win VAT-free status ahead of Brexit
17 September 2019The Irish Antique Dealers Association has written to Ireland’s finance minister to press for VAT-free status as a green retail business, to relieve them of the 13.5% value-added tax they currently pay.

US tariffs on Chinese art widened to include books and increased to 15%
02 September 2019A tax on imports into the US of art, antiques and objects made in China took effect today.

Renewed threat of US tax on Chinese art
19 August 2019A UK dealer is considering moving Chinese objects to the US earlier than planned in the hope of staying ahead of import tariff changes.

Art is back on Trump's China tariff list
14 August 2019Dealers in Chinese art remain on high alert as art and antiques appeared on a new list of Chinese goods facing a 10% US import tariff from September 1.

Trump's proposed US tax on Chinese art imports ‘would harm local trade and benefit China’, trade officials told
28 June 2019A renewed threat to tax Chinese art imports into the US, including those from the UK, would harm the local antiques trade and instead benefit China, US trade officials have heard.

Victoria and Albert Museum acquires Chippendale's Harewood House pier tables and mirrors for the nation
18 June 2019A set of pier tables and mirrors from the Thomas Chippendale workshop has been accepted in lieu for the nation and allocated to the Victoria & Albert Museum.

Call on antiques trade to oppose tariffs on Chinese antiques once again
27 May 2019The global art market is preparing to defend itself against a renewed US threat to tax Chinese art imports, as part of President Trump’s trade war with China.

Trump administration in renewed threat to tax Chinese art imports
20 May 2019Chinese art and antiques are part of a new list of $300bn-plus of imports drawn up by President Trump’s administration in the country’s escalating trade war with China, ATG understands.

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- 28 Feb 2021 - 12:00 PM
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- Antiques, Art, Collectables & Jewellery
- 28 Feb 2021 - 14:00 PM
