Political Parties: Finance
2026-05-17 · Treasury · 2116 · Official question
Question
To ask the Chancellor of the Exchequer, whether HMRC has provided guidance on whether (a) political donations and (b) gifts to regulated donees are exempt from inheritance tax.
Answer
HMRC provides guidance on how inheritance tax applies to gifts in the Inheritance Tax Manual. Gifts to qualifying political parties are exempt from Inheritance Tax where certain conditions are met. Guidance on this exemption is available here: IHTM11191 -...