Historic Buildings: Taxation
(asked on 15th March 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether he has made an assessment of the effect of taxation on Heritage Maintenance Funds for historic homes across the UK; and if he will make a statement.
This question was answered on 21st March 2016
The Government recognises the value of Heritage Maintenance Funds and the importance of the issues raised by the Historic Houses Association, including the cultural and economic contribution historic homes provide. That is why Heritage Maintenance Funds are specifically exempt from inheritance tax.