Table of Contents

Handbook on the Economics of Cultural Heritage

Handbook on the Economics of Cultural Heritage

Elgar original reference

Edited by Ilde Rizzo and Anna Mignosa

Cultural heritage is a complex and elusive concept, constantly evolving through time, and combining cultural, aesthetic, symbolic, spiritual, historical and economic values. The Handbook on the Economics of Cultural Heritage outlines the contribution of economics to the design and analysis of cultural heritage policies and to addressing issues related to the conservation, management and enhancement of heritage.

Chapter 6: Tax incentives for cultural heritage conservation

Federico Revelli

Subjects: development studies, tourism, economics and finance, cultural economics, public sector economics, environment, tourism, geography, tourism


According to the Council of Europe (2003), around 65 per cent of cultural heritage sites and buildings in Europe are under a private property rights regime. A similar picture emerges from the rest of the developed world (Pickard, 2009): in the United States and Canada, private sector involvement in the conservation of heritage is extensive and pre-dates formal government intervention; in Australia, the majority of historic heritage places on statutory lists of the Federal, State and Territory governments are under private ownership (Australian Government Productivity Commission, 2006). This widespread property rights structure forcefully raises the issue of the desirability, as well as of the effectiveness, of systems of tax incentives to private owners, with the objective of preserving cultural resources in the wider community interest. In that regard, the Council of Europe (2003) emphatically asserts that ‘where necessary that owner should be given whatever support and encouragement the wider community might be able to offer’, and the US National Historic Preservation Act of 1966 declares that ‘it shall be the policy of the Federal Government to contribute to the preservation of nonfederally owned prehistoric and historic resources and give maximum encouragement to organizations and individuals undertaking preservation by private means’.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information