Exclusions from exemption: introduction
Charity exemption is limited by several anti-avoidance provisions.
These are in two groups
- IHTA84/S23 (2) to IHTA84/S23 (5) which apply generally (except to loans (IHTM11133) to charities), and
- IHTA84/S56 which applies to gifts or transactions involving non-relevant settled property (IHTM11161).
A gift which is caught by these anti-avoidance provisions is not exempt under IHTA84/S23 though the beneficiary is a qualifying charity.