Acceptance in lieu
id:
acceptance-in-lieu-0-4151940
title:
Acceptance in lieu
text:
Acceptance in lieu (AiL) is a provision in British tax law under which inheritance tax debts can be written off in exchange for the acquisition of objects of national importance. It was originally established by Chancellor of the Exchequer David Lloyd George as a means for the wealthy to pay the increased estate taxes imposed by his People's Budget of 1909 but had its roots in similar schemes dating to the late 19th century. It has developed from the early years, when it was used mainly as a mea
brand slug:
wiki
category slug:
encyclopedia
description:
Provision in British tax law
original url:
https://en.wikipedia.org/wiki/Acceptance_in_lieu
date created:
date modified:
2023-07-03T23:02:24Z
main entity:
{"identifier":"Q555829","url":"https://www.wikidata.org/entity/Q555829"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/f/f5/Millais_Royalist.jpg","width":1691,"height":2516}
fields total:
13
integrity:
15