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Art galleries benefiting from government's AIL scheme
POSTED 09 Nov 2009 . BY Martin Nash
In a move worth nearly £20m, paintings by Titian, Van Dyck and David Hockney, plus other cultural works, were saved for the nation last year as a result of the government's Acceptance in Lieu (AIL) scheme.

Collections in Norwich, Nottingham, Northampton and Oxford, as well as national museums and galleries in London, have all had items allocated to them. The announcement, by culture minister Margaret Hodge, means that works valued at nearly £100m have passed into public collections over the last five years under the AIL scheme.

Hodge said: "Objects ranging from a Titian to a David Hockney, from family archives to architectural drawings with a value of £19.8m have been accepted under the scheme. This represents an increase in value of £4.6m from 2007/08 and a total value of objects of £98.5m in the last five years. Tax of £10.8m was written off by the acceptance of the cultural objects in 2008/09."

This year's allocation includes The Triumph of Love by Titian and works by Van Dyck, Millais and Reynolds. Archives also feature heavily in this year's report, as do works by contemporary artists, including Frank Auerbach, David Hockney and Howard Hodgkin.

The scheme has again helped to save items which are of significance within a more local context, such as a landscape by Gainsborough which is to be allocated to Norwich Castle Museum.

The AIL scheme enables taxpayers to transfer important works of art and other heritage objects into public ownership while paying Inheritance Tax, or one of its earlier forms. The taxpayer is given the full open market value of the item, which is then allocated to a public museum, archive or library.

Norwich's Castle Museum is set to benefit. Pic courtesy of Bluemoose

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NEWS
Art galleries benefiting from government's AIL scheme
POSTED 09 Nov 2009 . BY Martin Nash
In a move worth nearly £20m, paintings by Titian, Van Dyck and David Hockney, plus other cultural works, were saved for the nation last year as a result of the government's Acceptance in Lieu (AIL) scheme.

Collections in Norwich, Nottingham, Northampton and Oxford, as well as national museums and galleries in London, have all had items allocated to them. The announcement, by culture minister Margaret Hodge, means that works valued at nearly £100m have passed into public collections over the last five years under the AIL scheme.

Hodge said: "Objects ranging from a Titian to a David Hockney, from family archives to architectural drawings with a value of £19.8m have been accepted under the scheme. This represents an increase in value of £4.6m from 2007/08 and a total value of objects of £98.5m in the last five years. Tax of £10.8m was written off by the acceptance of the cultural objects in 2008/09."

This year's allocation includes The Triumph of Love by Titian and works by Van Dyck, Millais and Reynolds. Archives also feature heavily in this year's report, as do works by contemporary artists, including Frank Auerbach, David Hockney and Howard Hodgkin.

The scheme has again helped to save items which are of significance within a more local context, such as a landscape by Gainsborough which is to be allocated to Norwich Castle Museum.

The AIL scheme enables taxpayers to transfer important works of art and other heritage objects into public ownership while paying Inheritance Tax, or one of its earlier forms. The taxpayer is given the full open market value of the item, which is then allocated to a public museum, archive or library.

Norwich's Castle Museum is set to benefit. Pic courtesy of Bluemoose

MORE NEWS
Mubadala makes €1 billion bid for Pierre and Vacances
Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Expo 2030 Riyadh will create a permanent global destination
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event closes.
Australian waterpark acquisition creates new leisure attractions group
The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's largest visitor destinations.
London Museum reveals 2026 opening date for new Smithfield home
The London Museum’s new site will open in Smithfield, East London, on 28 November 2026.
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COMPANY PROFILES
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
+ More diary  
 


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