Donations of artworks, and other assets, are an important and valuable way to support IMMA, and the National Collection.
Donations of artworks are considered in line with our acquisitions policy by the Head of Collections in discussion with the Collections and Acquisitions Committee. All donations must be approved by this committee.
If you are considering donating a work to IMMA please contact Christina Kennedy, Senior Curator: Head of Collections to discuss further. You can contact Christina via email to firstname.lastname@example.org or telephone to + 353 1 612 9907
You will find guidelines below on tax incentives to donate work to IMMA. These are included for informational purposes only, and are not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
The donation of a work of art to IMMA can be used to settle a tax liability. Such donations can be used to pay income tax, capital gains tax, gift / inheritance tax or corporation tax.
Heritage items include any kind of cultural item, for example paintings, manuscripts, books and any collection of cultural items which is determined by a Selection Committee to be :
Note: The 2009 budget now offers 80% of the value of donated artwork against tax.
Section 606 provides an exemption from Capital Gains Tax on the sale of Works of Art by a taxpayer which have been on public display for 10 years. The disposal can be to any purchaser, that is not just to a gallery or museum. It can apply to non-Irish items as well as Irish items of Art.
If the taxpayer disposes of a work of art which meets the criteria below, no capital gains tax (currently 25%) arises.
This applies to Works of Art including pictures, sculptures and prints which,
How to claim relief
Section 77 provides a Capital Acquisitions Tax (CAT) exemption for certain heritage property items which are included in a gift or an inheritance. The relief is available provided that the item(s) is made available for viewing to the public (not necessarily in a museum or gallery) and is not sold for 6 years after the gift / inheritance is made.
A Gift / Inheritance tax liability (currently 20%) arising on receipt of the heritage object can be eliminated if the criteria below are met.
The relief applies to heritage objects which includes pictures, prints and books
How to claim relief
Relief is clawed back if the item is sold within 10 years (unless by private treaty to certain galleries, museums and other institutions).
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