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In exceptional cases, you can offer to pay some or all of the Inheritance Tax an estate owes by transferring National Heritage property to the Crown, but this is rare.
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The main kinds of asset that qualify as National Heritage property are:
For property other than land or buildings, the key test is whether the property would make a significant or important addition to a national, local or university collection or whether it is significant in association with a particular building.
You can offer to pay some or all of the Inheritance Tax and interest you owe by transferring National Heritage property to the Crown, but offers are rarely accepted. The rules are complex, and each item is dealt with on a case-by-case basis.
In the rare cases where your offer is accepted, you must first pay all of the Inheritance Tax due through any of the usual means and get the grant of probate (or confirmation in Scotland). Only after this can you transfer the asset.
After you've transferred the asset, HM Revenue & Customs (HMRC) will repay the Inheritance Tax you've paid.
You should contact the HMRC Heritage team to discuss the matter on Tel 0115 9742514. If you prefer to write the address is:
HM Revenue & Customs
Ferrers House, PO Box 38
Castle Meadow Road
Nottingham
NG2 1BB
Contact the Probate and Inheritance Tax Helpline
See other ways to fund an Inheritance Tax payment
How to value the estate of someone who has died
