Heritage property has several different IHT benefits.
Conditional exemption
Property which meets certain conditions can be given a conditional exemption from inheritance tax so that no IHT is due on the transfer. The exemption is available on death and on lifetime transfers and is available to trustees.
The types of assets which qualify are:
- Ìý
•ÌýÌýÌýÌý objects which are pre-eminent for their national, scientific, historical or artistic interest such as pictures, books, manuscripts, works of art or scientific objects
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•ÌýÌýÌýÌý land of outstanding scenic, historical or scientific interest, or
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•ÌýÌýÌýÌý buildings which should be preserved for their historical or architectural interest, together with objects historically associated with the building
If HMRC agree that the exemption
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Web page updated on 17 Mar 2025 17:09