Nadine Elliott discusses the extension of the philanthropic relief.
As part of a package of measures aimed at promoting philanthropy relief for gifts to the nation was first announced in the 2011 Budget. The government anticipates that this new scheme will appeal to owners of objects and collections who want to see them placed in appropriate institutions during their lifetime and to be held for the future enjoyment of the public. At the time Jeremy Hunt the then Secretary of State for Culture Olympics Media and Sport stated:
‘Philanthropy already underpins the cultural life of the nation and I am grateful to all those who give their time and money to our arts and heritage. The donation of objects which enhance our public collections is equally important...
