Commentary

I5.342 Works of art etc and exit charges

IHT, trusts and estates

I5.342 Works of art etc and exit charges

I5.342 Works of art etc and exit charges

A conditionally exempt occasion relating to a work of art, etc, which is relevant property is not an occasion of IHT charge. There is also a provision1 allowing waiver of the periodic charge in relation to certain works of art in overseas ownership which are present in the UK for public exhibition, cleaning, or restoration.

On both these matters, see I7.531.

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