Certain gifts to the following are exempt transfers:
- Ìý
•ÌýÌýÌýÌý gifts to qualifying bodies that are specified in IHTA 1984, Sch 3, and
- Ìý
•ÌýÌýÌýÌý gifts falling within the 'gifts to the nation' provisions (I3.337)
Bodies qualifying for the exemption
A transfer of value is exempt to the extent that value transferred by it is attributable to property which becomes the property of any of the bodies listed at IHTA 1984, Sch 31.
This list is amended and updated variously and thus is not reproduced here. It contains various galleries, museums, libraries and other cultural institutions across the UK.
The list includes 'Any university or university college in the United Kingdom'. The onus of proving an educational establishment to be a university lies on the claimant. The definition
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