The Museums, Libraries and Archives Council has announced that works of art worth 13 [pounds sterling] million of tax were acquired for the UK in the 2003-04 tax year, under the 'Acceptance in Lieu' scheme, by which such objects replace inheritance tax

The Museums, Libraries and Archives Council has announced that works of art worth 13 [pound sterling] million of tax were acquired for the UK in the 2003-04 tax year, below the 'Acceptance in Lieu' scheme, by the agency of which such objects replace inheritance tax. A research by Constable for The cornfield satisfied almost 2 [pound sterling] million worth of tax and is now holded by Tate. The destination of a Virgin and Child with St John the Baptist through Giovanni Bellini and studio (c 650000 [pound sterling]), right, is not however decided. Eight paintings of horses and pursue scenes by John Wootten have been given to the state (and upon to Tate) in lieu of 55 [pound sterling] million, on the contrary they will stay in situ at Longleat in the fields for which they were created--the ensue of negotiations that finished in March. The report approves that 25,000 [pounds sterling] should be deposit aside each year for conservation of works accepted in lieu since small museums repeatedly do not have the package to carry out such work. The report mentions in a quiet on the contrary determined manner that the MLA gazes forward to the government's adoption of the Goodison Report, published in January, that included a proposal for widening the in lieu scheme to allow donors to stool tax bills with works of art in their lifetime.

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