The value transferred on death is subject to available exemptions, allowances and reliefs. Details of these are set out below.
Exemptions
Some transfers of value on death are exempt. These are shown below:
| Exempt transfer | Legislative reference | Simon's Taxes coverage |
| To a spouse or civil partner | IHTA 1984, s 18 | ±õ4.225–I4.229 |
| Gifts to charities or registered clubs | IHTA 1984, s 23 | I4.215 |
| Gifts to political parties | IHTA 1984, s 24 | I4.216 |
| Gifts to housing associations | IHTA 1984, s 24A | I4.217 |
| Gifts for national purposes | IHTA 1984, s 25, s 26A | I4.218 |
| Transfers to maintenance funds for historic buildings | IHTA 1984, s 27 | I3.338 |
| Transfers to employee trusts | IHTA 1984, s 28, s 28A | ±õ3.341–I3.342 |
| Conditional exemption for heritage property | IHTA 1984, ss 30–35A | I7.513 |
Note that not all exemptions available in lifetime are available on death as some exemptions require a disposition and death is not a disposition.
Conditional exemption for heritage property is a deferral relief rather than a true exemption. This is covered at in outline at I1.549.
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