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 as long as certain conditions are met.
Temporary changes to the scheme due to coronavirus (COVID-19)
The UK is experiencing the effects of the coronavirus pandemic. Due to the impact of the virus, events are changing quickly and we are keeping the guidance under review in line with variations across the UK.
We understand that it may not be possible for owners of properties or assets in the Conditional Exemption Tax Incentive Scheme to meet all their undertakings due to coronavirus. The following guidance explains how we will deal with these cases.
Closing or delaying the opening of your property
You should follow the relevant public health authority’s social distancing guidance if you are the owner of a national heritage property.
We will not consider that you have broken your agreement with us if you are an owner of a national heritage property who closes it, or delays its opening to 1 August 2021. This will apply even if it means you will miss some of the period covered by your agreement, or you do not open at all until 1 August 2021.
From 1 August 2021, we will not consider that you have broken your agreement with us if you cannot provide reasonable public access to your property when following guidance on social distancing. We will consider temporary adjustments to your agreement on an individual basis, such as limiting visitor numbers or closing rooms.
If some or all of the period during which your property is normally open to the public falls before 1 August 2021 we will not consider that you have broken your agreement with us if your property is not open for the full number of days required under your agreement. This will apply even if it means you do not open at all in 2021.
Objects on loan to other organisations that close due to government advice
If a conditionally exempted object is on loan to a museum, gallery or other venue which closes we will not treat the withdrawal of public access to the object as if you have broken your agreement with us.
This will apply even if it means the object is not on show at all until 1 August 2021.
Objects that can only be seen by appointment
If an object can only be seen by appointment then we will not expect you to agree to an appointment until the government’s advice allows you to do so, and you will not have broken your agreement with us.
We understand that you may have difficulty producing publicity or promotional material, and this may be a requirement of the terms of your agreement with us.
If you cannot produce this material we will not consider that you have broken your agreement.
We have no objection if you include information in any of your advertising or publicity that states the opening of your property may be subject to change or cancellation, depending on the developing circumstances.