§ Sir Gerard Vaughan
To ask the Secretary of State for National Heritage if there have been any items accepted in lieu of tax or allocated since his last announcement on 16 February,Official Report, column 145.
§ Mr. Brooke
Since my last announcement on 16 February,Official Report, column 145, I am pleased to inform the House of the acceptance of two items offered in lieu of taxation. The items consist of the Corbridge Lanx Roman silver dish which will satisfy £1,832,000 tax, and a painting "Joseph and Potiphar's Wife" by Guido Reni which will satisfy £2,492,875 tax. The acceptance of both these items has been made possible by a call on the Reserve. The Corbridge Lanx will be allocated to the British museum in accordance with the condition on which the offer was made. As with previous "hybrid" offers, the recipient institution, in this case the British museum has agreed to pay the estate concerned the difference between the tax liability and the special price. The Reni painting will be allocated to the Fitzwilliam museum and will remain in situ at Holkham hall, in accordance with the condition on which the offer was made.