Tax

News
Cathedral of Notre Dame

Director of Pinault Collection proposes controversial 90% tax breaks for Notre Dame donors

But Pinault family says it is not seeking tax relief for its €100m donation towards the reconstruction effort

News
Art market

Jean-Claude Juncker dismisses claims that freeports are ‘systematically used to commit fraud’

European Commission president rebuffs German MEP Wolf Klinz's demand for a proper investigation into the management of Le Freeport Luxembourg

News
Art market

Trump’s tax Act offers potential tax havens for art

‘Opportunity Zones’ present a new kind of tax-deferred exchange on high-value assets

Analysis
Law

Rule of law: Legal tips for art lovers

From new exhibitor regulations at Art Basel in Miami Beach to questions over insurance and taxes

News
Art Basel in Miami Beach

The tax man cometh: new laws on sales tax pose problems for US art dealers

US Supreme Court decision is causing anxiety among dealers

News
Art market

Dealer Mary Boone pleads guilty to $1.6m in tax fraud

The art dealer will pay $3m in restitution to the IRS after falsifying returns to hide her use of gallery profits to upgrade her Manhattan home

News
Art market

Guy Wildenstein cleared of tax evasion for a second time in Paris

Franco-American scion of art dealing dynasty was accused of hiding art and other property worth hundreds of millions of euros from French authorities

News
Law

Art consultant pleads guilty to filing false tax return

Lacy Doyle hid millions of dollars in inheritance in a Swiss bank account, US Attorney says

News
Tax

How the new US tax law affects the art world

President Trump today signed sweeping changes to the tax system that will impact wealthy individuals, art businesses and museums

Interview
Tax

Will the US tax proposal sell out art buyers?

A proposed revision to the tax code could subject sellers to capital gains tax on art and slow the market

News

Public asked to photograph ‘secret collection’ of works stored in homes across the UK

Open Inheritance Art project aims to uncover items that should be publicly available through tax-relief arrangements

News

How the estate of Thailand’s missing ‘Silk King’ was among the winners of Reagan’s 1986 Tax Reform Act

The sweeping legislation cleared a hefty tax bill for the heirs of American businessman Jim Thompson, whose home and collection in Bangkok was turned into a public museum

Comment
Tax

How do you tell the difference between philanthropy and a tax write-off?

News
Economics

Why should collectors get all the breaks?

Artists seek similar tax incentives for donating works to museums and auctions

News
Economics

Will California collectors take their secondary market business out of state?

Panel of federal judges say 5% resale royalty law can only apply to works sold within California

News
Art market

UK closes tax loophole after Reynolds legal case

News
Art market

Art considered a depreciable asset in Japan

News
Law

How to get on with artists, handle mergers and avoid lawsuits

Legal conference tackles issues facing US museums, from commissioning work to developing diversity