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Entrée
Magazine, Spring 2005.
Clever Collectors
The process of buying antiques can
be tricky, not to mention
time-consuming. Let Tim Corfield
and Daniel Morris of the antiques
and fine art consultancy Corfield
Morris ensure you don't spend
your valuable time and money only
to discover you've procured a
fake. "More often than not, we
advise clients on what not to
buy," says Morris, a former
director of the English furniture
department at Sotheby's. Advice
from Corfield Morris is a must.
Have the duo arrange a personal,
around-the-world buying tour with
your home in mind. Imagine a
chauffeured drive through the
Cotswolds or a guided tour
through the Parisian markets.
The Observer, 5 April 2005
Beware the new tax on enjoyment
"...The good news is that the
tax advantages of adding art and
antiques to your self- invested
personal pension fund (SIPP) -
permissible from 6 April next
year - are worth considering.
Although a 5 per cent enjoyment
tax also hangs over SIPPs, a
middle-aged person might well be
tempted to pile art into a SIPP
for a potentially fat retirement
pension. Tim Corfield, of
Corfield Morris, specialist
advisers on art and antiques in
Broughton, Hampshire, points out
that it could take many years of
income tax, even at 40 per cent
top rate, to use up the potential
gain from buying art with pension
fund money. Since money invested
in pensions is tax-free, the tax
man is in effect subsidising
SIPPs' art purchases by 40 per
cent."
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