Acceptance in lieu: history and practise
McQuillan, G.
Acceptance in lieu: history and practise - 2003 - Christie's Bulletin for Professional Advisers 8(1) 2003 7-18(12) .
Traces the history of the Acceptance in Lieu (AIL) scheme up the present day. Since 2000. AIL has been administered by Resource: Council for Museums, Archives and Libraries. Explains how AIL operates in conjunction with the Board of Inland Revenue. Highlights the advantages of AIL including the preservation of cultural objects for the nation and ensuring access to all through displaying objects in galleries and museums. Table 1 provides annual figures for tax satisfied by Acceptance in Lieu, Table 2 provides a framework of reference for expert advisers to help in formulating advice on whether an item is pre-eminent. Table 3 lists approved bodies within Inheritance Tax Act 1984 Sched 3.
INHERITANCE TAX
WORKS OF ART
ACCEPTANCE IN LIEU SCHEME
Acceptance in lieu: history and practise - 2003 - Christie's Bulletin for Professional Advisers 8(1) 2003 7-18(12) .
Traces the history of the Acceptance in Lieu (AIL) scheme up the present day. Since 2000. AIL has been administered by Resource: Council for Museums, Archives and Libraries. Explains how AIL operates in conjunction with the Board of Inland Revenue. Highlights the advantages of AIL including the preservation of cultural objects for the nation and ensuring access to all through displaying objects in galleries and museums. Table 1 provides annual figures for tax satisfied by Acceptance in Lieu, Table 2 provides a framework of reference for expert advisers to help in formulating advice on whether an item is pre-eminent. Table 3 lists approved bodies within Inheritance Tax Act 1984 Sched 3.
INHERITANCE TAX
WORKS OF ART
ACCEPTANCE IN LIEU SCHEME