Help to Buy – Wales Shared Equity Scheme »This shared equity loan will make up the shortfall between the purchase price of a property and the funding available to buyers through their cash deposit and mortgage offer.Learn more »
First Minister welcomes publication of Welsh Speaking Communities report
First Minister, Carwyn Jones, has today welcomed the publication of the report and proposed work plan of the Welsh Speaking Communities Task and Finish Group.
- Views sought on positive plans to create a better Wales
- Moving forward, changing lives: New employment programme to help Wales’ hardest to reach young people
- First Minister welcomes publication of Welsh Speaking Communities report
- Consultation on Regional engagement partnership structures in the tourism sector
- Implementation of Commission Directive 2013/45/EU concerning the change to the botanical name of tomato
- School term dates regulations
- Managing radioactive waste safely
- Draft Statutory Instrument - Infant formula and follow-on formula (Wales) (Amendment) Regulations 2014
- Beyond 2011: Consultation on Census and future provision of population statistics in England and Wales
Featured consultation »New guidance for the Risk Assessment of Walked Routes to School
64 days left
In this section
Section highlightThe Housing (Wales) Bill
The Bill will introduce significant improvements across the housing sector to ensure that people have access to a decent, affordable home and better housing-related services.
Legislative programme 2013 - 2014 »
The First Minister detailed the 8 bills in the Welsh Government’s 5-year Legislative Programme that will be brought forward during the 3rd year of the Welsh Assembly.Learn more »
Section highlightDraft Budget 2014-15
Our focus is on protecting the NHS and schools, boosting economic growth and creating jobs, as well as tackling poverty and protecting the vulnerable.
Final Budget 2014-15 »
The amount of funding allocated to Welsh Government Departments for 2014-15 is £14.9bn.Learn more »
- Statistics & Research
Upcoming calendar »
See the schedule for all statistics and research releases.
Acceptance in Lieu
The Acceptance in Lieu (AIL) scheme enables taxpayers to transfer works of art and important heritage objects into public ownership.
This section outlines the purpose and process of the scheme, identifying the benefits to potential offerors and receivers (museums, galleries, libraries and archives). The AIL Scheme applies across the United Kingdom.
What kinds of object are relevant to the scheme?
HM Revenue & Customs Revenue may accept works of art, manuscripts, heritage objects, archives and historic documents in payment of inheritance tax. These items must be 'pre-eminent', in other words, of particular historical, artistic, scientific or local significance, Objects must be in acceptable condition.
How does the scheme work in Wales?
Offers in lieu are made to HM Revenue & Customs. They must be approved by the Minister for Housing, Regeneration and Heritage, who is advised by the Acceptance in Lieu Panel of Arts Council England (ACE). The Panel operates on behalf of the Welsh Government and will co-ordinate with CyMAL: Museums Archives and Libraries Wales, in appropriate cases.
In the light of that advice, the Panel recommends whether or not the object in question is pre-eminent and assesses its open market value. The Panel's recommendations are made to the Minister, who decides whether or not an item should be accepted.
Who can use the scheme?
Anyone who is liable for the payment of an existing inheritance tax bill can offer an object in part or whole payment of the tax. This is known as 'Acceptance in Lieu', hence the title of the scheme. All advice on pre-eminence, valuation, condition and allocation (except for the allocation of manuscripts) is managed by ACE on a UK wide basis.
If you have an object which you would like to put forward, please write to Capital Taxes Heritage Team, HM Revenue & Customs, Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG2 1BB. It would be helpful, although not essential, to send a copy to Gerry McQuillan, Arts Council England, 14 Great Peter Street, London, SW1P 3NQ.
For more information, visit the Arts Council England website.