Tax Planning & Wealth Preservation

Works of art and collectables are increasingly integrated into broader wealth planning strategies. For many clients, collections represent a significant component of overall net worth and require the same level of structured oversight as property, financial investments, or privately held businesses.

Effective planning can help ensure that these assets are appropriately valued, documented, and positioned within long-term estate and succession frameworks.

Independent, specialist valuations are frequently required for inheritance tax reporting, probate, estate planning, and charitable gifting. Accurate and regularly updated valuations provide a critical foundation for advisors when assessing asset allocation, managing potential tax liabilities, or planning for intergenerational transfers. In certain circumstances, strategic sales, partial dispersals, or charitable donations may also form part of a wider wealth preservation strategy.

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If you require an independent valuation for tax planning purposes, our specialists would be pleased to assist. Contact our valuations team to discuss your requirements or arrange a confidential consultation.

For accountants and wealth managers, art assets require specialist valuation and market insight. Provenance, condition and demand can materially affect value, while liquidity differs from traditional investments. Auction house expertise provides independent valuations and market intelligence to support estate planning, tax reporting and strategic sales decisions.

Lyon & Turnbull works closely with accountants, wealth managers, private banks and legal advisors to provide independent valuations, market insight and strategic guidance. Our specialists support professional advisors by delivering authoritative appraisals, advising on potential sales strategies where appropriate, and ensuring collections are positioned effectively within a client’s wider wealth and estate planning framework.

Our Tax Planning Valuations Specialists

“Tangible assets often carry both financial and personal value, making specialist advice essential when considering tax, estate and succession planning.”

- Gavin Strang, Managing Director & Head of Valuations

Tax Planning FAQs

Accurate, independent valuations are essential for inheritance tax reporting, probate, estate planning and charitable donations. Regular valuations ensure that collections are correctly reflected within a client’s overall asset profile and help advisors plan effectively for potential tax liabilities.

Art markets can change significantly over time. As a general guideline, collections should be reviewed every three to five years, or sooner if there are major market shifts, changes in ownership structure, or estate planning considerations.

Yes. Strategic sales or partial dispersals may help simplify estate structures, realise value, or support broader financial planning objectives. Auction specialists can advise on timing, market positioning and appropriate sale formats.

Lyon & Turnbull regularly collaborates with accountants, wealth managers, private banks and legal advisors to provide independent valuations, market intelligence and strategic advice. Our specialists support advisors by ensuring collections are properly documented, valued and positioned within wider estate and succession planning.

Professional Valuations: Sale, Insurance, Tax Planning

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Tax Planning & Wealth Preservation

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Our Tax Planning Valuations Specialists

Tax Planning FAQs

Why should art and collectibles be formally valued for tax planning?

How often should a collection be revalued?

How can art fit within a wider wealth management strategy?

Can selling part of a collection form part of a tax or estate strategy?

How does Lyon & Turnbull work with professional advisors?

Professional Valuation Services