Waddesdon Manor Reynolds Pair Settles £24.5m in Tax

September 4 2025

Image of Waddesdon Manor Reynolds Pair Settles £24.5m in Tax

Picture: Waddesdon Manor / The Art Newspaper

Posted by Adam Busiakiewicz:

News from The National Trust that two paintings by Sir Joshua Reynolds from Waddesdon Manor have been acquired by the organisation for £24.5m as part of the Acceptance in Lieu Scheme. Both paintings came from estate of the late Jacob, 4th Baron Rothschild, and had been displayed in the upstairs rooms of Waddesdon.

According to the article linked above:

Acceptance of the first painting, “David Garrick Between Tragedy and Comedy” settled £7m of tax and the “Portrait of Joanna Leigh, Mrs Richard Bennett Lloyd” acceptance settled £17.5m.  [...]

Pippa Shirley, director of Waddesdon, said: “ The fact that [the paintings] will remain in the house which has been their home for 30 years for everyone to enjoy is a truly generous gift to the nation.”

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