The following exemptions (found in IHTA 1984, Pt. II, Ch. I and discussed at ¶644-800ff.) are available in respect of disposal and termination of qualifying interests in possession, in the same way as for other transfers of value:

spouse or civil partner exemption (IHTA 1984, s. 18);

exemption for gifts to charities or registered clubs (IHTA 1984, s. 23);

exemption for gifts to political parties (IHTA 1984, s. 24);

exemption for gifts for national purposes (IHTA 1984, s. 25; and

exemption for gifts for public benefit (IHTA 1984, s. 26).

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