article_snippet: The items were donated to the nation under the acceptance in lieu scheme, which allows people to offset inheritance tax against valuable items of cultural significance.
article_snippet: The scheme sees the Government accept the items for the full market value, provided The scheme can be permanently bequeathed to a museum or gallery.
article_snippet: The scheme also offers a ‘good deal’ for those offering up historically important items, with works avoiding the taxes associated with a sale on the private market.
article_snippet: The secretary of state for culture, media and sport is responsible for deciding whether the items offer a good deal for the taxpayer after being advised by a board of experts.
article_snippet: the Government has accepted items worth £124.5 million instead of tax between 2009 and 2013.