A transfer of value is an exempt transfer for inheritance tax purposes1 in so far as it is attributable to property transferred to any of the bodies listed2 in I4.218. Gifts of assets to any of these bodies attract the same relief from capital gains tax as gifts to charity, subject to the prohibition for 'tainted donations' as outlined3 in C3.1902.
Where property is sold to one of the listed bodies, there is no special relief or exemption from capital gains tax on the sale unless the sale was by private treaty and the price was discounted to take account of tax, including capital gains tax, saved by the vendor. This is known as a 'douceur'
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