Department for Culture Media and Sport
The Acceptance in Lieu (AiL) scheme allows people to offer items of cultural and historical importance to the State in full or part payment of their inheritance tax, capital transfer tax or estate duty.
The Scheme is currently the most important means of acquiring important works of art and cultural objects for public ownership. Once accepted, they are distributed to museums, galleries and public archival depositories throughout the UK.
The Scheme offers clear tax benefits to owners. Items are generally worth 17 percent more if offered in lieu of tax than if sold on the open market at the same price, because tax must be paid on the amount an object is sold for.
The Department remains responsible for policy oversight of the Scheme, and in particular: