Heritage, Art & Other Collectibles

We act for UK and international based private collectors, charities, landed estates, artists and art galleries and have a wide range of experience advising on heritage assets, art and collectibles including:

• tax planning with heritage assets including conditional exemptions, the cultural gift scheme and acceptance in lieu scheme;
• chattels leases;
• Inheritance Tax planning with classic cars (which are exempt from Capital Gains Tax);
• advising on structures to hold classic car collections including Family Limited Partnerships and Family Investment Companies;
• acting for clients with watch, jewellery, wine and shoe collections;
• lending works of art for exhibition in the UK and overseas;
• tax efficient structuring of the ownership, enjoyment and use of art and other collectibles;
• succession planning including lifetime gifts to individuals, family trusts, galleries and charities;
• advising on and documenting the use of art as collateral for lending; and
• disputes regarding heritage and collectable assets including contractual disputes on the sale and purchase of such assets, protecting intellectual property rights and dealing with provenance.

Camilla Wallace is a founding member of PAIAM (Professional Advisors to the International Art Market).