Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Gifts: Inheritance Tax: specific exemptions from Inheritance Tax: outline

TCGA92/S260 (2) (b) to (f)

Hold-over relief is also available for a number of disposals that are specifically exempt from Inheritance Tax. These are:

  • transfers of property out of certain settlements for young people when a child reaches a stipulated age. See CG67044 and 67045.
  • gifts of heritage property and gifts to maintenance funds for the upkeep of heritage property. See CG67046.
  • gifts for national purposes which are exempt from Inheritance Tax. See CG67046.
  • gifts to political parties. See CG67046.
  • gifts of works of art. See CG67046.