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The owners of the international art exhibition Hauser & Wirt left the United Kingdom to Switzerland, where they joined the list of the wealthy population who chose to leave the country, which prompted many to tax changes last year.
Iwan and Manuella were transferred and inherited their residence to Switzerland at the beginning of June 2025, according to the documents submitted to the company’s home.
“Iwan and Manuela Wirt are citizens and residents in Switzerland, where Hauser & Wirt was established and remains another headquarters. They spend more time in Switzerland now as in the upcoming projects there also in the United States,” said Hauser & Wirth, who did not comment on whether there were any tax reasons for this step.
A person familiar with their thinking “family reasons” to return to Switzerland said.
The exhibition is one of the largest and most prominent in the world for contemporary art, along with Gagosian, David Zwirner and PACE.
It represents artists including Cindy ShermanNicole Eisenman and Martin Credit, as well as real estate Louise Burguaand Velida Barlo and Mike Kelly. It sold a huge statue of spider by bourgeois in ART Basel in 2022 for $ 40 million.
It has 18 exhibitions or artistic spaces all over the world, with six in Switzerland, two in the United Kingdom and five in the United States.
The couple moved to the United Kingdom in 2005 and have been officially residing there since 2016, according to House Companies documents. Both were born in Switzerland and established their first exhibition in 1992 in Zurich, along with the mother of Manuella Worth, Ursula Hoser.
Hauser & Wirth said that IWAN and Manuela Wirt were able in the United Kingdom and were only a variety.
There was a flood of wealthy individuals from the United Kingdom last year.
Some, such as solid billionaire Lakshmi Metal And the Egyptian industrialist Nassef sawisEither left the United Kingdom or planning to leave because of the abolition of the non -periodic system, announced by Chancellor Rachel Reeves in October 2024.
The regime allowed the British population who announced that their permanent home abroad to avoid paying the UK tax on foreign income and gains.
Those who decided to stay will see their origins all over the world may undergo a 40 percent inheritance tax in the United Kingdom.
Financial times I have already mentioned Reeves was exploring the opposite of its decision to impose the inheritance tax in the United Kingdom on the global assets of the non -monastery, after a set of departure and pressure by the city of London.
Others left because Reeves reform relief from agricultural property and relief from commercial property in the budget last year. Change means that those who have large real estate or important companies previously exempt will pay the inheritance tax by 20 percent on the assets of more than one million pounds from April 2026.
In her latest account, Hauser & Wirt sales in the United Kingdom amounted to 144 million pounds in 2023, a decrease from 167 million pounds in 2022; A profit before the tax achieved 9.3 million pounds, an increase of 6.6 million pounds in the previous year.
The couple are no longer managers of the company, but he remains a prize for his participation alongside Mark Payot, and “people who have great control”, need to announce any changes in residency.
The couple also owns the ARTFARM group, which includes its work Groucho Club In London, Fife Arms Hotel In Scotland and restaurants in the United States and Europe.
Hauser & Wirt added that the exhibition is committed. [its] The presence in the United Kingdom, including the headquarters in the new London and an exhibition on South Odley Street in the Thomas Jude building, which will be opened in the next 18 months.
