The taxpayer can benefit from a greater proportion of its value than if the same artwork is sold and the proceeds used to meet the liability.
The artwork then becomes property of Tate. This scheme enables UK taxpayers to donate works of art in their lifetime for the benefit of the nation.
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In return, donors receive a reduction of income and capital gains tax based on a set percentage of the value of the item they are donating. Yes you can.
Legacy | Definition of Legacy at nudnonipaper.gq
We welcome gifts that can be spent wherever the need is greatest because they help us carry out the most urgent work. However, we are also very happy to accept gifts that support an area of our work, for example, education or conservation. That means you can choose precisely what your money is spent on. There are a few different ways that you can structure your planned gift in your Will.
Download the links below to find out which might be best for you. We recommend you use a qualified solicitor to ensure your wishes are recorded properly.
Ways to give money
All you need is a simple legal document called a codicil. Download codicil [PDF, Kb]. As a charity, any gift to us is free from Inheritance Tax.
There are schemes which can reduce Inheritance Tax on the estate through charitable giving, but these are subject to change — please ask your adviser or visit gov. Email legacy.
I don't know why or who's doing it, but it's the legacy …and it's a legacy that is so important to the culture. With the midterm elections safely in the rearview mirror, Obama is on legacy patrol. But at 45, Branch died of a reported suicide, leaving behind family, friends and a legacy that goes beyond the beauty industry.
A legacy of service
Aunt Ottilie was old Takma's daughter: she was sure to get a legacy too. Jean, you must not keep this legacy which by to-morrow may have brought suspicion and dishonor on our mother. Burlingame had said nothing about the letter from the late Michael Turley's kinsman in Montreal and the question of the legacy.