London’s National Gallery to Exhibit 40 Works, From Rembrandt to René Magritte
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Artworks by Pablo Picasso, René Magritte, Lucian Freud, and John Constable are coming together next year at the National Gallery in London, as part of an exhibition titled “Collected.”
The works have been acquired through two programs: the Acceptance in Lieu and Cultural Gifts schemes, organized by the Arts Council England on behalf of the UK government. The first is an initiative that allows an inheritance tax bill to be replaced by transferring important or pre-eminent cultural, scientific, or historic allocations to the nation, while the Cultural Gifts scheme lets UK taxpayers swap objects of importance in return for a reduction in the donor’s corporation, income, or capital gains tax liability.
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