A disposal of heritage property, which meets certain conditions can qualify for exemption from IHT. This can be a very valuable exemption and so when the circumstances surrounding exempted property change, usually when it is sold, the IHT originally foregone needs to be collected. Chargeable events in respect of heritage property arise comparatively rarely. On most occasions the application of the relevant legislation is straight forward, but sometimes the position can be complicated.
The assessment and collection of the tax is the responsibility of the caseworker in IHT. However, Heritage Section must see cases in certain specified circumstances and caseworkers are encouraged to seek advice from Heritage Section whenever they are uncertain about any aspect of such claims for tax.
In all cases where tax is payable on a chargeable event, the file must be referred to Heritage Section after the tax has been paid.
In Scotland, the Compliance Group Heritage Specialist is responsible for all liaison with Heritage Section.