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

Rebecca Christie

Associate

Rebecca Christie

Associate

Amanda Lathia

Associate

Amanda Lathia

Associate

Latest Art & Cultural Property Headlines

Nov 18, 2019
Petra Warrington comments on the Fifth Anti-Money Laundering Directive and art law in Antiques Trade Gazette
Nov 08, 2019
Hunters hosted a legal seminar for fine art auctioneers
Nov 06, 2019
Hunters is proud to sponsor the London Art Week 2019 Winter event
Sep 24, 2019
Partner Hetty Gleave is reappointed to the Treasure Valuation Committee
Sep 02, 2019
Gregor Kleinknecht comments on Timothy Sammons misleading clients over sales of works by artists in The Art Newspaper
Aug 29, 2019
Hetty Gleave discusses the largest coin hoard of the post-conquest period found near Somerset
Aug 09, 2019
Hetty Gleave discusses key legal issues affecting the art world today in Arts and Collections
Jun 20, 2019
Hunters’ Art & Cultural Property team hosts a seminar for fine art auctioneers with Roseberys Auctioneers
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)
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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