Art, Instead Of Taxes

Rather than selling their artwork abroad to raise money for tax bills, last year Britons donated art treasures valued at £40 million to British museums rather than paying inheritance tax. “Titian’s masterpiece Venus Anadyomene, watercolours by Edward Lear and a Barbara Hepworth sculpture were among works handed over. The scheme has settled tax bills worth more than £6.5m during the past year.”