Home / Publicly funded Galleries, Libraries, Archives and Museums (GLAM) / Does the transfer of a collectors estate count as a qualifying resale? E.g. Art collector leaves collection to a GLAM.

Does the transfer of a collectors estate count as a qualifying resale? E.g. Art collector leaves collection to a GLAM.

The Transfer of a collector’s estate is unlikely to count as a qualifying resale unless there is consideration given.  If no consideration is given, then in our view that is not a qualifying resale.  If, however, consideration is given it may be a qualifying resale.