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I11.430 Acceptance of heritage property in payment of IHT

On the application of any person liable to pay IHT HMRC may, if it thinks fit, and the Secretary of State agrees, accept in satisfaction of the whole or any part of the IHT any of the following property¹:

1. Ìý

   •ÌýÌýÌýÌý any land (which includes any building on the land) agreed upon between HMRC and the person liable to pay the IHT

2. Ìý

   •ÌýÌýÌýÌý where the Secretary of State decides it is preferable for them to remain associated with it, any objects which are or have been kept in a particular building:

3. 1. Ìý

      –ÌýÌýÌýÌý which HMRC has determined to accept or has accepted in satisfaction or part satisfaction of IHT or estate duty, or

   2. Ìý

      –ÌýÌýÌýÌý which, or any interest in which, belongs to the Crown, to the Duchy of Lancaster or to the Duchy of Cornwall, or to a Government department, or is held for the purposes of a Government department, or

   3. Ìý

      –ÌýÌýÌýÌý of which the Secretary