A8.301 IHT, trusts and estates and coronavirus (COVID-19)

Administration and compliance

A8.301 IHT, trusts and estates and coronavirus (COVID-19)

Division A8.3     Coronavirus (COVID-19) and other tax issues

For updates affecting this Division please see Part A0 Updates

Coronavirus—IHT, trusts and estates

A8.301 IHT, trusts and estates and coronavirus (COVID-19)

Conditional exemption for heritage property

A deferral of IHT is possible for certain categories of heritage property. See the Division I7.5.

HMRC recognises that it may not be possible for owners of properties or assets in the Conditional Exemption Tax Incentive Scheme to meet all their undertakings due to coronavirus (COVID-19) and so has updated its guidance on heritage assets to add information about temporary changes to the Conditional Exemption Tax Incentive Scheme.

The updated guidance includes explanations on how HMRC deals with cases relating to closing or delaying the opening of a national heritage property, conditionally exempted objects on loan to other organisations that close due to Government advice, objects that can only be seen by appointment, and difficulty in advertising, publicity and producing promotional material.

Domicile status for IHT

In the event of a death, an individual who is UK domiciled or deemed domiciled will be subject to IHT on all their worldwide assets, while an individual who is not UK domiciled will be

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