What a Collector Needs to Know About Sales and Import Taxes
Help clients avoid expensive errors or unforeseen costs. Jamie Anderson | Feb 11, 2021 A good advisor will be able to help a collector navigate the (often rapidly) shifting sands with regards to sales and import taxes and associated duties and levies on art acquisitions. While it may be unfair to expect an advisor or broker to understand the applicable tax rates in every scenario, advice can be given to help a collector avoid expensive errors or unforeseen costs. Here we give general information to help you know which issues are important to resolve about sales and import taxes before y...
Source: wealthmanagement.com