Exemption for the disposal of antiques and works of art

Produced by Tolley

The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Exemption for the disposal of antiques and works of art
  • Business or private assets
  • Exemption for disposing of business assets
  • Valuing the disposal

Exemption for the disposal of antiques and works of art

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marked the end of the Brexit transition / implementation period entered into following the UK’s withdrawal from the EU. At this point in time, key transitional arrangements came to an end and significant changes began to take effect across the UK’s VAT and customs regime. This document contains guidance on subjects potentially impacted by these changes. Before continuing your research, see the Brexit — overview guidance note.

This guidance note provides an overview of the exemption of the sale, gift or reallocation of assets ― normally from historic houses ― located in the UK.

Business or private assets

The disposal

Popular documents