Policy paper

Inheritance Tax: extending exemption for medals and other awards

This Tax Information and Impact Note is about extending the exclusion from Inheritance Tax (IHT) for medals awarded for valour and gallantry.

Document

Inheritance Tax: extending exemption for medals and other awards

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Details

This measure extends the exclusion from IHT that applies to medals and other decorations that are awarded for valour and gallantry to all decorations and medals awarded by the Crown or by another country or territory outside the UK to the armed forces, emergency services personnel and to individuals in recognition of their achievements and service in public life.

Published 10 December 2014