Tax & Heritage Advice

Assistance with heritage schemes and capital taxes, for individuals, executors and their advisors in the UK.

Bonhams Valuations team can assist UK-based individuals, executors and their advisors with the complexities of the available heritage schemes. Estates and individuals can, in the right circumstances, utilize these schemes to mitigate capital taxes.

Our services for estates:

  • We support applications to the 'Acceptance in Lieu' (AIL) and Conditional Exemption schemes for 'pre-eminent' assets
  • Liaison on your behalf with potential 'receiving' institutions, using the breadth and depth of Bonhams specialists contacts
  • Production of comprehensive reports ready for presentation to Arts Council England

Our services for individuals and companies:

  • We identify suitable works that might qualify for the Cultural Gifts Scheme (a lifetime scheme that enables the donor to offset a proportion of the value of an asset(s) against their tax liability)
  • Assistance with private treaty sales to the Nation for previously exempted items
  • Preparation of other Capital Tax valuations and calculations

Contact us:
Contact Bonhams Valuation team on or +44 20 7468 8340

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