V4.166 Exemption—works of art etc
The exemption extended to works of art is conferred by VATA 1994, Sch 9, Group 11. For HMRC's practice, see Notice 701/12/18 (May 2018)1.
The objects included in Sch 9, Group 11 are: works of art, pictures, prints, manuscripts, scientific collections and other objects not yielding income which, in each case, are of national, scientific, historic or artistic interest; and objects historically associated with a building of outstanding historic or architectural interest2.
Exemption is substantiated by correspondence from the Capital Taxes Office confirming the relevant details of the sale3.
Item 1—deaths on or before 12