Art & Cultural Property

Succession Planning, Heritage and Tax

Succession Planning, Heritage and Tax

The legal issues relating to heritage assets – including historic houses and gardens, surrounding land, works of art and other contents, and the funds to support them – demand a range of specialist knowledge and negotiation skills that only come with frequent application and practice. In particular, the taxation treatment of heritage assets is both highly complex and very different from that of other assets, and expertise in this area is essential in helping clients to plan for the future in a way which is both practical and tax-effective.

We deal with such issues more frequently than many of our competitors and our team has developed expertise, professional connections and influence that will help clients through this difficult area.

Heritage issues are of immediate personal importance to the owners involved and have a very real impact upon them; they may also be of great interest to the wider community, including bodies with a particular focus on these matters, and the team places great importance on all these factors in framing its advice.

We have a wealth of experience and technical expertise which informs the specialist advice that we provide to private clients as well as members of the art trade in relation to succession planning, heritage and tax issues, including:

Succession planning

  • Lifetime gifting
  • Gift and lease-backs
  • Corporate succession planning for companies, partnerships and sole traders
  • Personal succession planning, including Trusts, Wills, Letters of Wishes and Family Constitutions
  • Probate
  • Chattels trusts
  • Gifts to qualifying charities

Heritage

  • Conditional exemption
  • Maintenance Funds
  • Acceptance in Lieu
  • Cultural Gifts Scheme
  • Heritage Open Days

Tax

  • Estate duty/Capital Transfer Tax/Inheritance tax
  • Capital Gains Tax
  • Income Tax
  • VAT
  • Non-domiciliaries/structures

Art & Cultural Property Experts

We understand our clients’ needs and tailor our work to each set of circumstances, providing high quality, cost effective advice. We are a multi disciplinary practice and work collaboratively to provide a comprehensive service over all our practice areas.

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- Hetty Gleave

Partner

Hetty Gleave

Partner

- Gregor Kleinknecht

Partner

Gregor Kleinknecht

Partner

- Petra Warrington

Senior Associate

Petra Warrington

Senior Associate

- Paul Almy

Senior Partner

Paul Almy

Senior Partner

- Stephen Morrall

Partner

Stephen Morrall

Partner

- Dominik Opaliński

Partner

Dominik Opaliński

Partner

- Julia Richards

Partner

Julia Richards

Partner

- Alexandra Sarkis

Partner

Alexandra Sarkis

Partner

- Lucinda Tite

Partner

Lucinda Tite

Partner

- Robert Wright

Partner

Robert Wright

Partner

- Amanda Lathia

Associate

Amanda Lathia

Associate

Latest Art & Cultural Property Headlines

Jun 04, 2019
Hunters continues its sponsorship with London Art Week Summer 2019
Jun 03, 2019
Petra Warrington is now a member of The Association of Women in the Arts (AWITA)
May 16, 2019
Hetty Gleave provides current law and best practices for would-be treasure hunters
Apr 16, 2019
Gregor Kleinknecht and Petra Warrington’s introduction to the 5th Anti-Money Laundering Directive for the American Bar Association discussed in Cultural Property News
Apr 01, 2019
Hetty Gleave writes on when to mediate and what can happen if one fails to do so in Art Resolve
Mar 25, 2019
Gregor Kleinknecht and Petra Warrington examine the art trade and the 5th Anti-Money Laundering Directive in the ABA’s Art & Cultural Heritage Law newsletter
Mar 06, 2019
Petra Warrington and Alexandra Baggallay attending the Bill Viola/Michelangelo – Life Death Rebirth exhibition
Feb 21, 2019
Stephen Morrall and Jonathan Godwin-Austen speak at The LAPADA Conference 2019
Feb 01, 2019
Petra Warrington discusses cultural objects and export licensing in The Law Society Gazette
Jan 29, 2019
Hunters succession planning at latest LAPADA conference, mentioned in Antiques Trade Gazette
The team is highlighted by a barrister as: “high visibility in this field”, adding: “They work diligently and are very responsive and an absolute delight to work for.”

Chambers HNW 2018

“They are all tremendously skilful, knowledgeable and personable,” says a source.

Chambers HNW 2018

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