Tax relief for national heritage assets

Requirements

The assets must be one of the following: buildings, estates or parklands of outstanding historical or architectural interest land of outstanding natural beauty and spectacular views land of outstanding scientific interest including special areas for the conservation of wildlife, plants and trees objects with national scientific, historic or artistic interest, either in their own right or due to a connection with historical buildings The new owner must make an agreement, known as ‘the undertakings’ to: look after the item make it available for the general public to view keep it in the UK If the owner does not keep to the agreement or sells the asset, the exemption is withdrawn and the tax must be paid. HMRC determines which assets qualify for exemption on the advice of the government’s heritage advisory agencies. You can find more details about tax relief for national heritage assets in Capital taxation and tax-exempt heritage assets .