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.

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Julia Richards

Partner

Julia Richards

Partner

Amy Scollan

Partner

Amy Scollan

Partner

Mark Stiebel

Partner

Mark Stiebel

Partner

Anastassia Dimmek

Associate

Anastassia Dimmek

Associate

Latest Art & Cultural Property Headlines

Jun 13, 2022
Amy Scollan and Anastassia Dimmek examine what happens to an art collection when couples divorce in Antiques Trade Gazette
Jun 08, 2022
Amy Scollan and Anastassia Dimmek discuss the distribution of artwork during divorce proceedings in EPrivateClient
May 09, 2022
Gregor Kleinknecht discusses the Nicosia Convention and how it could tackle cultural goods trafficking in Antiques Trade Gazette
May 05, 2022
Gregor Kleinknecht examines the new international convention to create criminal law sanctions to protect cultural property in The Times
Apr 28, 2022
Gregor Kleinknecht and Annabelle Woosnam examine the Council of Europe Convention on Offences relating to Cultural Property in Lawyer Monthly
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Hunters art law team assists Forum Auctions with its first ever NFT auction
Jan 19, 2022
Gregor Kleinknecht and Anastassia Dimmek contribute to the second edition of The Art Law Review
Dec 16, 2021
Gregor Kleinknecht discusses NFTs and why artists must protect their copyright in The Times
Dec 08, 2021
Fee earners choose their favourite pieces from London Art Week Winter 2021
Nov 02, 2021
Gregor Kleinknecht and Anastassia Dimmek examine the lessons learned from the cancellation of Banksy trademarks in Lawyer Monthly
“Hunters is one of a small number of firms with a real focus on the art law field, offering an exceptional service”

The Legal 500 2021

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

“The team is very knowledgeable, approachable and well-connected within the art world with a profound understanding of the issues that concern both its private and professional clients”

The Legal 500 2021

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