No tax for Castle Howard painting as judge rules it is ‘plant or machinery’ – Daily Telegraph

Posted March 19th, 2013 in artistic works, capital gains tax, news, taxation by tracey

“The custodians of North Yorkshire stately home Castle Howard have won a tribunal
battle to avoid paying tax on the £9.4m sale of a painting, after a judge ruled
it a piece of ‘plant or machinery’ integral to attracting visitors.”

Full story

Daily Telegraph, 19th March 2013

Source: www.telegraph.co.uk