Guide to giving art celebrates Cultural Gifts Scheme

  • 20 November 2012

After years of campaigning for there to be more ways to encourage giving to museums, we’re thrilled that the government’s new Cultural Gifts Scheme will launch at the end of the year.

Rossetti's Monna Vanna was given to Tate Collection via the Art Fund

Rossetti's Monna Vanna was given to Tate Collection via the Art Fund

This scheme will enable individuals to donate works of art to the nation and, in the process, reduce their income tax or capital gains tax bill by 30% of the item’s value. For the first time, companies will also be able to donate art or art collections and receive a 20% reduction in their corporation tax bill.

The free A guide to giving art, produced with the support of our corporate partner UBS, is released to celebrate the scheme’s introduction, bringing together for the first time in one comprehensive manual all the ways to transfer art and cultural objects to public collections. The guide outlines the detail of the new scheme and uses real life case studies to explain the various ways to give and associated benefits.

If you’d like us to send you a copy, please email Sally Wrampling at swrampling@artfund.org.

 

Tags: Museums and galleriesDonatewhat-we-do