Tax incentives for acquisitions

Tax incentives for acquisitions - Acceptance in Lieu - Cultural Gifts Scheme - Private Treaty Sales - Conditional Exemption

There are a number of tax incentive schemes that help public museums and galleries in the UK acquire cultural objects for their collections.

The key schemes are:

Acceptance in Lieu

Cultural Gifts Scheme

Private Treaty Sales

Conditional Exemption

The MA believes museums should be proactive in promoting these schemes to patrons and visitors. Eligible institutions are also strongly encouraged to apply for objects to be allocated to them through Acceptance in Lieu and the Cultural Gifts Scheme.

*Related news*


The Heritage Lottery Fund recently simplified its criteria for urgent acquisitions to make it easier for museums to access funding in short purchasing timeframes. Applicants will no longer be required to submit specific learning activity plans linked to item/s to be purchased but instead demonstrate how they can be effectively integrated into existing and future planned learning programmes.

General links and resources

The Art Fund: A guide to giving art

Arts Council England: tax incentive schemes

The Heritage Lottery Fund
 
The Art Fund

The National Heritage Memorial Fund

Scotland’s National Fund for Acquisitions

V&A Purchase Grant Fund

Preservation of Industrial and Scientific Material (PRISM) fund: England and Wales

Northern Ireland Museums Council acquisition fund