Section 230: Acceptance of property in satisfaction of tax., Inheritance Tax Act 1984

The Board may, if they think fit and the Secretary of State agrees, on the application of any person liable to pay tax or interest payable under section 233 below, accept in satisfaction of the whole or any part of it any property to which this section applies.

This section applies to any such land as may be agreed upon between the Board and the person liable to pay tax.

This section also applies to any objects which are or have been kept in any building—

if the Board have determined to accept or have accepted that building in satisfaction or part satisfaction of tax or of estate duty, or

if the building or any interest in it belongs to Her Majesty in right of the Crown or of the Duchy of Lancaster, or belongs to the Duchy of Cornwall or belongs to a Government department or is held for the purposes of a Government department, or

if the building is one of which the Secretary of State is guardian under the Ancient Monuments and Archaeological Areas Act 1979 , or of which the Welsh Ministers are guardians under Part 2 of the Historic Environment (Wales) Act 2023 or of which the Department of the Environment for Northern Ireland is guardian under the Historic Monuments and Archaeological Objects (Northern Ireland) Order 1995, or

if the building belongs to any body within Schedule 3 to this Act,

in any case where it appears to the Secretary of State desirable for the objects to remain associated with the building.

This section also applies to—

any picture, print, book, manuscript, work of art, scientific object or other thing which the Secretary of State is satisfied is pre-eminent for its national, scientific, historic or artistic interest, and

any collection or group of pictures, prints, books, manuscripts, works of art, scientific objects or other things if the Secretary of State is satisfied that the collection or group, taken as a whole, is pre-eminent for its national, scientific, historic or artistic interest.

In this section—

. . .
"national interest" includes interest within any part of the United Kingdom;

and in determining under subsection (4) above whether an object or collection or group of objects is pre-eminent, regard shall be had to any significant association of the object, collection or group with a particular place.

The functions of the Ministers under this section in relation to the acceptance, in satisfaction of tax, of property in which there is a Scottish interest may be exercised separately.

For the purposes of subsection (6) a Scottish interest in the property exists–

where the property is located in Scotland; or

the person liable to pay the tax has expressed a wish or imposed a condition on his offer of the property in satisfaction of tax that it be displayed in Scotland or disposed of or transferred to a body or institution in Scotland.

Section 230: Acceptance of property in satisfaction of tax.

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