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 identify 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 across all of our practice areas.

Filter By
  • Position
  • Reset

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

Consultant

Alexandra Sarkis

Consultant

Lucinda Tite

Partner

Lucinda Tite

Partner

Robert Wright

Partner

Robert Wright

Partner

Rebecca Christie

Associate

Rebecca Christie

Associate

Amanda Lathia

Associate

Amanda Lathia

Associate

Latest Art & Cultural Property Headlines

Jul 09, 2020
Chambers HNW 2020 – Hunters’ success
Jul 07, 2020
Gregor Kleinknecht appointed as Chairman of Professional Advisors to the International Art Market’s Board
Jun 25, 2020
Petra Warrington to participate in a panel discussion hosted by London Art Week
Jun 24, 2020
Gregor Kleinknecht and Petra Warrington highlight top ten tips for buying art, as part of London Art Week’s newsletter
May 05, 2020
Petra Warrington discusses how to protect your business when holding online auctions in The Art Newspaper
Apr 14, 2020
Petra Warrington examines online auctions during Covid-19 in Private Art Investor
Apr 09, 2020
Gregor Kleinknecht and Petra Warrington discuss terms and conditions of art sales during the Covid-19 lockdown
Apr 06, 2020
Gregor Kleinknecht and Petra Warrington discuss private treaty sales
Apr 06, 2020
Petra Warrington appointed as Diversity and Inclusion Officer of the Art, Cultural Institutions and Heritage Law Committee
Apr 02, 2020
Petra Warrington discusses cultural objects in the context of post-Brexit in Business Matters
The team is described by a leading 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

© Hunters Law LLP 2020 | Privacy NoticeLegal & Regulatory | Cookies Policy | Complaints Procedure

Hunters Law LLP is authorised and regulated by the Solicitors Regulation Authority (number 657218)