Art FocusCan Buying Art Result in an Additional Income or Capital Gains Tax Charge?

When someone sells art in the U.K., they are unlikely to be surprised that any capital gain realised will be subject to tax. What might be surprising, however, is that the purchase of art can sometimes trigger a tax charge too. Many international taxpayers residing in the U.K. will be regarded as ‘resident but non-domiciled’ and permitted to benefit from the ‘remittance basis’ of taxation for non-UK income and capital gains. Under the remittance basis...

Life & CultureMust-see Museums in New York

Travelling to the Big Apple? Read through Arts & Collections’ essential list of the best museums in New York City. The museums of New York are some of the most iconic in the world and feature some of the finest collections of art, science and history. With such grandeur and the sheer number of them that are spread around NYC, choosing the right museum can be overwhelming. This list compiles the city’s finest, covering facts,...
Unique in its broad international coverage of both arts and cultural events, Arts & Collections covers fine art from antiquity to modern times, auction records, a special sale preview by Sotheby’s, as well as market trends that inform collectors of the world’s finest items.

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