TAX PROGRAM PAYS DIVIDENDS FOR UK MUSEUMS

The BBC reports that many important works of art that were in danger of being sold overseas have remained in the UK under the auspices of a government tax program known as Acceptance In Lieu (AIL). The program allows collectors or their heirs to avoid enormous tax payments by donating artworks to museums. The Tate, the National Gallery, and other major museums have received important works of art, such as sculptures by Barbara Hepworth and Titian’s painting Venus Anadyomene, through the program.