![Saved for the ΝΑΤΊΟΝ](https://cdn.magzter.com/1422868554/1666090342/articles/y90JztP271666356037254/SAVED-FOR-THE-.jpg)
When Ruth Cornett’s phone rings, she’s never sure exactly what to expect. As senior director of the Heritage Taxation Advisory Service at Christie’s, no two days are the same and sometimes solicitors get in touch with exciting news.
“We recently dealt with an estate where, under the bed, they had unexpectedly found a dusty case containing some Rembrandt prints, she reveals. The heir had absolutely no idea that the deceased had been an enthusiastic collector of Rembrandt, so it was a huge surprise.’
The six etchings ci630s-50s) were consequently acquired for the nation through the Acceptance In Liew scheme and were gifted to National Museums Northern Ireland. They can now be viewed in Ulster Museum’s collection in Belfast a gallery which previously didn’t have any works by Rembrandt.
When you visit museums and galleries, you might have noticed labels beside works of art saying: Accepted in lieu of inheritance tax and allocated to the museum by HMRC'. But what does that actually mean? 'It's a little-known fact that it is possible to pay an inheritance tax bill with a work of art,' explains Ruth. My job is to help clients through the process. When someone dies, their home and.
estate has to be valued for the purposes of tax. A local valuer comes in and notes everything down, then submits a list to the tax office and tax is paid. But in some circumstances, the valuer may think a gallery or museum might be interested in a specific piece of art from the estate. If this is the case, then there is a transfer of ownership of a work of art to the nation in exchange for a tax bill being settled."
This story is from the November 2022 edition of Homes & Antiques.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2022 edition of Homes & Antiques.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![Asante & Ewe Kente](https://reseuro.magzter.com/100x125/articles/8815/1714230/kS7oWVh6h1717057725384/ASANTE-EWE-KENTE.jpg)
Asante & Ewe Kente
This West African stripwoven cloth dates back centuries and is still manufactured today, representing a vibrant symbol of the area's history and traditions, says Celia Rufey
![A place of CONTRASTS](https://reseuro.magzter.com/100x125/articles/8815/1714230/eWD_XiDTD1717057393202/A-PLACE-OF-CONTRASTS.jpg)
A place of CONTRASTS
Filled with art, Murano glass and other treasures, this Milanese villa is experiencing a new era of splendour thanks to Marco Arosio
![Industrial OASIS](https://reseuro.magzter.com/100x125/articles/8815/1714230/lAhxpGc2s1717057252706/INDUSTRIAL-OASIS.jpg)
Industrial OASIS
Pernille Holm transformed this Copenhagen workshop into an inviting home that's packed with quirky details and original features
![Greek mood](https://reseuro.magzter.com/100x125/articles/8815/1714230/xJIeKrMLD1717057071700/GREEK-MOOD.jpg)
Greek mood
Returning to France after several years living on the island of Hydra, Véronique Bloch-Powell has infused the interior of this 18th-century mill with Greek style, via furniture and paintings brought back from her Hellenic journeys
![HEIRLOOMS OF THE FUTURE GERALD MAK](https://reseuro.magzter.com/100x125/articles/8815/1714230/6AIHlW7RP1717056713190/HEIRLOOMS-OF-THE-FUTURE-GERALD-MAK.jpg)
HEIRLOOMS OF THE FUTURE GERALD MAK
The ceramic artist talks to Dominique Corlett about Meissen, friendly gestures, and the benefits of distance when considering your heritage
![Six of the best COTTAGES FOR GARDEN LOVERS](https://reseuro.magzter.com/100x125/articles/8815/1714230/eVnVWTkt11717056454303/SIX-OF-THE-BEST-COTTAGES-FOR-GARDEN-LOVERS.jpg)
Six of the best COTTAGES FOR GARDEN LOVERS
Summertime is when the English country garden is at its best, which is why you should pick one of these picturesque cottages, castles or cabins to enjoy arural idyll, says Rhiannon Batten
![48 hours in NARBERTH & the Pembrokeshire Coast](https://reseuro.magzter.com/100x125/articles/8815/1714230/4QtX4kSgy1717056029305/48-HOURS-IN-NARBERTH-THE-PEMBROKESHIRE-COAST.jpg)
48 hours in NARBERTH & the Pembrokeshire Coast
Much feted for its food scene, the small Welsh town of Narberth can also be applauded for its vintage and antiques offering, which has blossomed in recent years, says Rosanna Morris
![TRAVEL](https://reseuro.magzter.com/100x125/articles/8815/1714230/SfF5CEeNd1717055843826/TRAVEL.jpg)
TRAVEL
Visit Narberth, plus six holiday cottages for garden lovers. Review of The Lido Townhouse by Katie Pike, travel stories by Rhiannon Batten
![Pride of place COALBROOKDALE GARDEN SEAT](https://reseuro.magzter.com/100x125/articles/8815/1714230/S28CUymzD1717055632515/PRIDE-OF-PLACE-COALBROOKDALE-GARDEN-SEAT.jpg)
Pride of place COALBROOKDALE GARDEN SEAT
The Shropshire village made famous by the Darby family's adventures in iron is as celebrated for its ornate garden furniture as it is for its ground-breaking bridge, says Janet Gleeson
![A buyer's guide to GARDEN ANTIQUES](https://reseuro.magzter.com/100x125/articles/8815/1714230/iM6JP5Qq11717055348397/A-BUYERS-GUIDE-TO-GARDEN-ANTIQUES.jpg)
A buyer's guide to GARDEN ANTIQUES
Elevate your garden, Bridgerton style, with opulent statues, romantic fountains and oversized urns