Thursday 8 November 2012

Art gems donated to pay £25m tax

BBC News: Paintings by Sir Joshua Reynolds, JMW Turner and Peter Paul Rubens have been donated to the nation in lieu of tax after the deaths of their owners. Fifty-one items of "major cultural significance" worth a total of £40m were offered in place of £25m of inheritance tax between 2010 and 2012.

Full story: http://www.bbc.co.uk/news/entertainment-arts-20252653?