Famous artwork sacrificed to pay off inheritance tax bills

Millions of pounds of artwork, including pieces by Picasso and Barbara
Hepworth, have been accepted by HM Revenue & Customs as payment in lieu of
inheritance tax.

Totalling £25.2m it is the largest purchase of artwork for the nation – more
than other methods combined.

Pieces purchased include two wooden sculptures by Barbara Hepworth, a print
of The Weeping Woman by Picasso, and a Stradivarius violin.

Last year Lord Bath, the eccentric head of the Longleat estate, wiped out a
£5.4m tax bill by selling eight paintings to the government. The works remain on
display for the public to enjoy.

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