Commentary

I4.218 Gifts for national purposes

IHT, trusts and estates

I4.218 Gifts for national purposes

I4.218 Gifts for national purposes

Certain gifts to the following are exempt transfers:

  1.  

    •     gifts to qualifying bodies that are specified in IHTA 1984, Sch 3, and

  2.  

    •     gifts falling within the 'gifts to the nation' provisions (I3.337)

Bodies qualifying for the exemption

A transfer of value is exempt to the extent that value transferred by it is attributable to property which becomes the property of any of the bodies listed at IHTA 1984, Sch 31.

This list is amended and updated variously and thus is not reproduced here. It contains various galleries, museums, libraries and other cultural institutions across the UK.

The

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