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<p>A full list of all inheritance tax reliefs and exemptions was published by the
Office of Tax Simplification as part of their review into tax reliefs<sup><sup>[1]</sup></sup>.</p><p>
</p><p> </p><p> </p><p>The list is as follows:</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p>Relief/exemption
title</p></td></tr><tr><td><p>A&M trusts, Bereaved Minor Trusts, 18-25 Trusts,
Pre-78 Protective Trusts, Pre-81 Disabled Trusts and Employee Benefit Trusts</p></td></tr><tr><td><p>Acceptance
in Lieu</p></td></tr><tr><td><p>Agricultural property relief</p></td></tr><tr><td><p>Allowance
for other tax liabilities</p></td></tr><tr><td><p>Alternatively secured pension funds
- deferral of charge</p></td></tr><tr><td><p>Annual exempt amount (£3,000)</p></td></tr><tr><td><p>Armed
forces - death in service</p></td></tr><tr><td><p>Armed forces - medals and decorations
for gallantry or valour</p></td></tr><tr><td><p>Business property relief</p></td></tr><tr><td><p>Cash
options under approved annuity schemes</p></td></tr><tr><td><p>Changes to the deceased's
estate</p></td></tr><tr><td><p>Charge on participators in close companies</p></td></tr><tr><td><p>Chevening
Estate & Apsley House</p></td></tr><tr><td><p>Co-morientes (simultaneous deaths)</p></td></tr><tr><td><p>Compensation
paid to Nazi victims</p></td></tr><tr><td><p>Conditional exemption</p></td></tr><tr><td><p>Conditional
exemption and relevant property trusts</p></td></tr><tr><td><p>Corporation sole</p></td></tr><tr><td><p>Dispositions
allowable for income tax</p></td></tr><tr><td><p>Dispositions for benefit of employees</p></td></tr><tr><td><p>Dispositions
for maintenance of family</p></td></tr><tr><td><p>Dispositions in respect of pension
benefits</p></td></tr><tr><td><p>Dispositions in respect of pensions</p></td></tr><tr><td><p>Dispositions
not intended to provide gratuitous benefit</p></td></tr><tr><td><p>Double charges
relief</p></td></tr><tr><td><p>Double taxation agreements</p></td></tr><tr><td><p>Employee-ownership
trusts</p></td></tr><tr><td><p>Estate duty on gifts to the nation</p></td></tr><tr><td><p>Estate
duty transitional</p></td></tr><tr><td><p>Excluded property</p></td></tr><tr><td><p>Exclusion
of benefit reserved by donor</p></td></tr><tr><td><p>Expenses occurred abroad</p></td></tr><tr><td><p>Failed
PETs gifted for national purposes</p></td></tr><tr><td><p>Fall in value relief for
transfers within 7 years of death</p></td></tr><tr><td><p>Foreign armed forces pay
and moveable property</p></td></tr><tr><td><p>Foreign currency accounts</p></td></tr><tr><td><p>Foreign-owned
works of art</p></td></tr><tr><td><p>Funeral expenses</p></td></tr><tr><td><p>Gifts
for national purposes</p></td></tr><tr><td><p>Gifts of land to housing associations</p></td></tr><tr><td><p>Gifts
on marriage and civil partnership</p></td></tr><tr><td><p>Gifts to charities</p></td></tr><tr><td><p>Gifts
to political parties</p></td></tr><tr><td><p>Government savings of persons domiciled
in the Channel Islands or the Isle of Man</p></td></tr><tr><td><p>Government securities
owned by non-United Kingdom domiciled persons</p></td></tr><tr><td><p>Grant of agricultural
tenancy</p></td></tr><tr><td><p>Heritage maintenance funds</p></td></tr><tr><td><p>Land
in habitat schemes</p></td></tr><tr><td><p>Leftover alternatively secured pension
funds paid to charity</p></td></tr><tr><td><p>Life tenant becoming entitled to settled
property</p></td></tr><tr><td><p>Lloyd’s premium trusts</p></td></tr><tr><td><p>Loss
on sale relief (buildings)</p></td></tr><tr><td><p>Loss on sale relief (shares)</p></td></tr><tr><td><p>Newspaper
and employee trusts</p></td></tr><tr><td><p>Nil rate band for chargeable transfers
not exceeding the threshold (£325,000)</p></td></tr><tr><td><p>No gratuitous benefit
and grants of agricultural tenancy (temporary charitable trusts)</p></td></tr><tr><td><p>Normal
gifts out of income</p></td></tr><tr><td><p>Open ended investment companies and authorised
unit trusts</p></td></tr><tr><td><p>Overseas pensions</p></td></tr><tr><td><p>Payment
of income</p></td></tr><tr><td><p>Payment of income (temporary charitable trusts)</p></td></tr><tr><td><p>Pension
schemes</p></td></tr><tr><td><p>Potentially exempt transfers</p></td></tr><tr><td><p>Private
treaty sales</p></td></tr><tr><td><p>Property held on trust for bereaved minors or
person aged 18-25</p></td></tr><tr><td><p>Quick succession relief</p></td></tr><tr><td><p>Reduced
rate of tax for relevant property charges</p></td></tr><tr><td><p>Reduced rate of
tax for temporary charitable trusts charges</p></td></tr><tr><td><p>Registered pension
schemes trust charges</p></td></tr><tr><td><p>Reversionary interests</p></td></tr><tr><td><p>Reverter
to settlor</p></td></tr><tr><td><p>Reverter to settlor's spouse</p></td></tr><tr><td><p>Scottish
agricultural leases</p></td></tr><tr><td><p>Small gifts exemption</p></td></tr><tr><td><p>Spouse
/ civil partner relief</p></td></tr><tr><td><p>Taper relief</p></td></tr><tr><td><p>Trade
or professional compensation funds</p></td></tr><tr><td><p>Transfer to employee trusts</p></td></tr><tr><td><p>Transferable
nil rate band</p></td></tr><tr><td><p>Trust property becomes excluded property</p></td></tr><tr><td><p>Trust
property distributed in first quarter of the year</p></td></tr><tr><td><p>Trustees
costs and expenses</p></td></tr><tr><td><p>Trustees costs and expenses (temporary
charitable trusts)</p></td></tr><tr><td><p>Trustees costs, payment of income, no gratuitous
benefit, grants of agricultural tenancy and reduced rate of charge for A&M trusts,
Bereaved Minor Trusts, 18-25 Trusts, Newspaper and Employee Trusts, Pre'78 Protective
Trusts & Pre 81 Disabled Trusts</p></td></tr><tr><td><p>Trusts with vulnerable
beneficiaries - annual limit</p></td></tr><tr><td><p>Unilateral double taxation relief</p></td></tr><tr><td><p>Voidable
transfers</p></td></tr><tr><td><p>Waiver of dividends</p></td></tr><tr><td><p>Waiver
of remuneration</p></td></tr><tr><td><p>Woodland relief</p></td></tr></tbody></table><p>
</p><p> </p><p>[1] The OTS report and full list of reliefs, allowances and exemptions
is available at <a href="https://www.gov.uk/government/publications/tax-reliefs-review"
target="_blank">https://www.gov.uk/government/publications/tax-reliefs-review</a></p><p>
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