Under IHTA 1984, s. 230(4), the following may be accepted in lieu of tax:

any picture, print, book, manuscript, work of art, scientific object or other thing which the ministers are satisfied is pre-eminent for its national, scientific, historic or artistic interest; or

any collection or group of pictures, prints, books, manuscripts, works of art, scientific objects or other things if the Ministers are satisfied that the collection or group, taken as a whole, is pre-eminent for its national, scientific, historic or artistic interest.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

No subscription?

Contact us to discuss your requirements.