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HMRC internal manual

Inheritance Tax Manual

Groups of exempt transfers: transfers of Heritage property

This group of exemptions consists of

  • gifts into maintenance funds (IHTA84/S27)
  • conditional exemption for designated property (IHTA84/S30 to IHTA/S35)

They have certain features in common with the previous group (IHTM11012) of exemptions. In particular

  • they are available for deemed (IHTM04025) as well as actual transfers (IHTM04024), and
  • where the transfer is only partly exempt (IHTM26001), the extent to which it is exempt is governed by IHTA84/S36 to IHTA84/S42.

However, unlike the previous group, the property exempted may be subject to a future tax charge in certain circumstances.