Harland Miller Sale or Swap , by Horatio Nelson on Jan 16, 2021 21:28:33 GMT 1, Somewhat idealistically, I take the bigger picture view here. If someone generates personal wealth (even through flipping), then they should be better placed to do a host of things including charitable giving thanks to that capital gain.

Playing devils advocate, but it could be argued that someone who has already made a purchase which has benefitted charity is under a lesser obligation to pay proceeds from their onwards sale to that same charity, than, say, someone who makes £5k (or much more) from selling an appreciating asset such as property that never benefitted charity in the first place.

Extreme example, say a gallery like Maddox makes £20k gross profit from selling one of these, someone like Jay Rutland (particularly in conjunction with his wife) has probably given more to healthcare charities than anyone on this board (even if there are 1,001 things to dislike about Maddox for other reasons). So it’s not always that black and white as to what people do with sale proceeds.

If it’s permissible to rant further, the NHS probably wouldn’t need as much charitable support if people paid taxes where due, such as CGT on profits from selling their art subject of course to the annual allowances and reliefs etc (which, from what you read on here, doesn’t seem to be something many agree with).

Anyway, GLWS kosh, and we trust you to manage your charitable giving as you see fit like a competent adult...