Skip to main content

Cultural Heritage: Capital Taxes

Question for HM Treasury

UIN 9294, tabled on 6 September 2017

To ask Mr Chancellor of the Exchequer, how many staff of HM Revenue and Customs are employed in monitoring whether undertakings in respect of public access to heritage assets that have been exempted from inheritance tax and capital gains tax are adhered to.

Answered on

11 September 2017

The estimated cost of the inheritance tax exemption for heritage assets can be found at: https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs The cost of the capital gains tax exemption for heritage assets is not available.

The legislation was introduced to protect national heritage assets. Where there has been a failure to meet the undertakings, HM Revenue and Customs’ (HMRC’s) approach is to work with owners in order to put things right. It has not in the last 10 years been necessary for HMRC to remove an exemption.

The table below sets out the number of exemptions (by claim) granted in each year for the categories listed within the legislation over the last ten years:

Pre-eminent objects s.31(1)(a)IHTA and (aa)

Land s.31(1)(b)IHTA

Buildings & amenity land s.31(1)(c) and (d) IHTA

Historically associated objects s.31(1)(e)IHTA

2007/08

12

3

0

1

2008/09

9

0

2

1

2009/10

10

1

2

2

2010/11

9

1

2

0

2011/12

7

2

0

1

2012/13

8

2

0

0

2013/14

8

2

2

2

2014/15

6

0

2

2

2015/16

14

2

1

0

2016/17

16

0

2

0

Sixteen people within HMRC are involved in ensuring undertakings are adhered to.

Answered by

Treasury
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.