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Home / Simons-Taxes /IHT, trusts and estates /Part I7 Special reliefs /Division I7.5 The conditional exemption for heritage property /Conditional exemption—chargeable events / I7.513 Conditional exemption chargeable events—overview

I7.513 Conditional exemption chargeable events—overview

IHT, trusts and estates

I7.513 Conditional exemption chargeable events—overview

Where conditional exemption has been given in respect of any property and subsequently a 'chargeable event' occurs, IHT becomes chargeable¹. A chargeable event can arise on:

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•�� a material breach of an undertaking² (see I7.513A)
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•�� a disposal of the property by sale, gift or otherwise³

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E5.607 Corporate members

D1.8101 Groups of companies

B5.301 Intellectual property—overview

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

B2.306 General tests for distinguishing between capital and revenue expenditure

E4.11120 Additional annual returns by employers—overview

D7.1140 Methods of leaving the REIT regime

B5.123 BPS—negligible value claims

E8.810 Application for a National Insurance number

B2.413 Car hire

C2.501A Compensation and capital gains tax—overview

I5.226 Disposals of QIIPs for consideration

C2.201 Allowable expenditure for capital gains—overview

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

E1.1435 Appealing transactions in securities counteraction notices

D3.410 Benefits provided by close companies to participators

C2.106 Deferred and contingent consideration on disposals

C2.1016 Option to subscribe for shares in a company (share warrants)

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

E6.102K Statutory residence test—the definition of a 'home'