Tax planning strategies

A key concern for those involved in buying and selling art or antiques, especially internationally, is finding the most tax-efficient way to do business.

We regularly assess the advantages and disadvantages of doing business through a limited liability company, partnership or corporation and the potential tax liability dependent on the choice of business entity. We advise clients concerned about the VAT, import VAT or customs duties payable on the art or antiques they are buying and assist businesses wishing to appeal a decision of the relevant authorities, or looking to negotiate a compromise solution.

We also have significant experience in advising on the personal tax implications for the owners of the enterprise.

Recent work 

  • Preparing a detailed VAT manual for a firm of auctioneers.
  • Acting for a major London contemporary art dealer in an appeal to a UK VAT tribunal against rulings by HMRC.
  • Advising non-US art dealers as to the appropriate structure for doing business in the US.
  • Advising clients with respect to sales tax issues as these issues impact on interstate and international sales of art.