4 ms·
> very substantial tax break How would this be valued precisely?
by qmr 1y ago
> very substantial tax break
How would this be valued precisely?
- Duanemclemore 1y agoI've never gone through the process, but I imagine it would involve establishing the historical importance of the person who owned them, establishing their significance as instruments of the thing for which the person is known, and establishing their authenticity. Then from that an appraisal would be done and the proper documentation generated that would protect the donor from accusations of tax fraud. The donor and recipient would both agree upon the language of these documents and possibly on an officially recognized value for the donation.
- zxexz 1y agoYep, you've pretty much nailed it, at least in the US and UK.