Capital taxation and tax-exempt heritage assets

Guidance on Inheritance Tax exemptions and reliefs policy, and Capital Gains Tax reliefs policy for national heritage property.


Capital taxation and the national heritage

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email Please tell us what format you need. It will help us if you say what assistive technology you use.


In order to preserve and protect national heritage for the benefit of the public, the government introduced the ‘Conditional Exemption Tax Incentive Scheme’.

Buildings, land, works of art and other objects that qualify under the scheme are exempt from Inheritance Tax and Capital Gains Tax providing that certain conditions are met.

Published 27 November 2013
Last updated 25 July 2018 + show all updates
  1. An updated version of Capital taxation and the national heritage has been added.
  2. Guidance on the ‘Conditional Exemption Tax Incentive Scheme’ has been updated.
  3. The guidance on capital taxation and the national heritage has been updated.
  4. First published.