The portrait was received from the estate of the artist in lieu of
inheritance tax, joining the archive of Freud's drawings, sketchbooks and letters, which were also given to the gallery under the
scheme in 2015.
No changes to the
inheritance tax treatment of pension
schemes are expected this year in the Finance Act 2017 or the Pension Schemes Bill 2017, but we can expect developments to continue in the longer term, and given the complex nature of this area we may see further test cases such as this in the
schemes are expected this year in the Finance Act 2017 or the Pension
Schemes Bill 2017, but we can expect developments to continue in the longer term, and given the complex nature of this area we may see further test cases such as this in the
Schemes Bill 2017, but we can expect developments to continue in the longer term, and given the complex nature of this area we may see further test cases such as this in the courts.