Knowledge Center

Tuesday, February 16, 2016

Being "Tax-Wise" When Managing an Art Collection

by Richard M. Horwood

Journal of Taxation of Investments , Vol. 33, No. 2, Winter 2016

 
"An art collection may begin as a labor of love but, while the passion may remain, the collection typically also comes to be seen as a major financial investment_one that merits serious tax planning. This article provides an overview of critical tax considerations for collector, and suggest strategies for minimizing the income tax, gift tax, and estate tax liability."

To read more, please view the entire article.


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