For the purposes of inheritance tax, a transfer of value is an exempt transfer to the extent that the value transferred by it is attributable to property which is given to charities1 or which becomes the property of certain specified bodies2.
The Commissioners for Her Majesty's Revenue and Customs may designate3 as being eligible for conditional exemption from inheritance tax4, the following:
(1) any relevant object which appears to the Commissioners to be pre-eminent for its national, scientific, historic or artistic interest;
(2) any collection or group of relevant objects which, taken as a whole, appears to the Commissioners to
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