Market Watch Investigates Tax Status of Returned Works Such As Klimt’s “Woman in Gold”

May 3rd, 2015

Portrait of Adele Bloch-Bauer I, by Gustav Klimt, via Market WatchMarket Watch has an interesting article this week on the tax status of Nazi-looted paintings returned to their rightful owners, noting the tax-free status of reparations payments from the German government, particularly in the case of Maria Altman’s reception of the Gustav Klimt masterwork Portrait of Adele Bloch Bauer I, and attorney Randol Schoenberg’s move to get sales proceeds from the work equal status.  

Read more at Market Watch