Inheritance from a collector: taxation of the sale of art collections and collectibles
Works of art – not only fine arts, but also applied arts – are valuable investment assets, often included in the estate.
In this context, it is worth noting a relatively recent individual interpretation by the Director of the National Revenue Information Service, in which this authority recognised the sale of inherited collectibles (coins) at auction houses or on internet portals as an activity in the sphere of private asset management – even if the seller is an entrepreneur in the numismatic industry.
The topic was taken up on our Lexplorers blog by Aldona Leszczyńska-Mikulska, legal advisor and partner at GWW law firm.
Link to the article: https://tiny.pl/qtq2dtxy
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