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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Household goods and personal goods: types of asset: stamp or coin collections; medals, decorations and awards

If you need advice on the value offered for any individual item or collection you should refer the matter to Shares and Assets Valuation (SAV).

Medals, decorations and awards are excluded from the charge to Inheritance Tax, under IHTA84/S6 (1B). There are further instructions at (IHTM04263) about the types of award that qualify for the exemption.