Under IHTA 1984, s. 76, no tax is charged in respect of property leaving a maintenance fund in any of the following circumstances:

if it is thereafter held for charitable purposes only, without limit of time;

if it passes to a political party qualifying for exemption under s. 24 (see ¶645-650); or

if it passes to one of the exempt bodies listed in Sch. 3 (see ¶646-050).


This exclusion from charge is subject to exceptions similar to those which apply to the other exclusions from charge above.

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