188体育

The 4 works are highlighted in the , published today.

The 4 items which have been acquired by British institutions for the public to access and enjoy are:

• by Edouard Manet, acquired by the Ashmolean Museum in Oxford聽 (worth 拢28,350,000 but bought for 拢7,830,000 after tax remission)
• Benjamin Britten鈥檚 which was purchased by the British Library for 拢201,660 after tax remission (original cost of 拢220,000)
• a , one purchased by the Victoria & Albert (V&A) Museum, and one by National Museums Scotland (拢367,950 each)
• The , a sculpture by John Nost the Elder, which was acquired by the V&A (拢485,000)

Tax relief benefits

Lord Inglewood, Chairman of the Reviewing Committee, said:

鈥淚t is very encouraging that, thanks to tax relief, institutions had to raise just under 拢9.3 million in order to purchase items worth over 拢29 million. This shows the benefits that can arise from the workings of a tax system which encourages the retention of treasures like these in this country. I would encourage the Treasury to look sympathetically and constructively at how the nation in the future can benefit even more from such schemes.鈥�

Objects of national importance

Many valuable cultural objects over 50 years of age require a licence for export out of the UK. Where the object has been in the UK for 50 years or more, the Reviewing Committee review these items against the to assess whether the object is of national importance.

The Culture Secretary can then place a temporary export bar on item assessed as of national importance, giving institutions or individuals in the UK time to raise the necessary funds to purchase it.聽

said:

鈥淚t鈥檚 fantastic that these four treasures are now on permanent public display in the UK and I congratulate all those involved in the fundraising efforts to keep them in Britain.聽 The export licensing system is a valuable tool in preventing items like these from disappearing abroad and ensuring they will be enjoyed for generations to come.鈥�

Further information