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An exemption applies for the purposes of the remittance basis charge for certain qualifying gifts of exempt property to the nation¹. Where property ceases to be exempt because it is fails to meet the conditions for exempt property², there is no remittance basis charge if it is donated to the nation no later than the time that is ceases to be exempt³. A qualifying gift is made to the nation where⁴:

1. Ìý

   (a)ÌýÌýÌýÌý a person offers to give pre-eminent property to be held for the benefit of the nation

2. Ìý

   (b)ÌýÌýÌýÌý the person is legally and beneficially entitled to the property and it is not owned jointly or in common with others

3. Ìý

   (c)ÌýÌýÌýÌý the offer is made in accordance with a scheme set up by the Secretary of State for the purposes of FA 2012, Sch 14

4. Ìý

   (d)ÌýÌýÌýÌý the offer is registered in accordance with that scheme

5. Ìý

   (e)ÌýÌýÌýÌý the offer or part of the offer is accepted in