SUPPORTING THE ARTS AND GALLERIES WORLDWIDE
We’ve been working in the creative worlds of the arts and entertainment for over 35 years and have a growing portfolio of multi-disciplined artists, photographers, digital art businesses, independent galleries, and private collectors. The depth of specialist experience and knowledge we’ve gained has led us to be recognised as one of the leading advisors for the creative sector in the UK, as well as a leading authority on Creative Industry Tax Reliefs (CITR).
The Art market is global. Many of our clients deal with artists, agents and buyers across multiple countries so they require specialist advice on international tax and VAT, as well as anti-money laundering compliance and all-round business management support. From Art Market Participant (AMP) registration with HMRC, bookkeeping and exhibition accounting, to PAYE, withholding tax/FEU advice and Museums and Galleries Exhibition Tax Relief (MGETR), we work as part of our clients’ management teams, integral to their day-to-day operations, decision making and strategic direction. We are also in a unique position to advise family offices and private clients, including non‑UK domiciles, on owning art collections in the UK, including whether it is preferable to hold assets personally or through a company, optimal ownership structures, and Inheritance Tax planning.
AN INTEGRAL PART OF OUR CLIENTS' BUSINESSES
Our work is often varied, highly technical and strategic. A client can have several projects running concurrently and we are frequently involved with each one from the start. Whether it’s choosing the best business structures, investing in premises, or raising finance, our industry experience, knowledge and network of trusted professional contacts are hugely beneficial to our clients’ decision-making. We shape our support around their needs, advising them on business operations and high-level financial issues, acting as a CFO, as and when required. By managing the financial details and planning for them, we free up our clients to focus on developing their businesses.
Many of our clients also curate significant art collections that sit within wide‑ranging and often complex investment portfolios. These collections can involve diverse assets and intricate tax and compliance requirements across the UK and internationally. By bringing together our private client, entrepreneurial business, and corporate specialists, we offer fully integrated accounting and tax advice that takes all relevant financial considerations into account. This holistic approach enables us to unlock opportunities, streamline complexities, and deliver meaningful value, helping clients protect, enhance, and grow their collections and wider wealth.
We care about our clients and put the time in to ask the right questions for them. Personally, I think it’s what sets us apart as advisors.
Stephen Cornford | Partner | Creative Division
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