Historic Buildings: Repairs and Maintenance

HM Treasury written question – answered on 11th September 2017.

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Photo of Nicholas Soames Nicholas Soames Conservative, Mid Sussex

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effectiveness of Heritage Maintenance Funds; and if he will make a statement.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The Government recognises the cultural and economic contribution historic homes make right across the UK. Heritage Maintenance Funds play an important role in keeping historic homes in the best possible condition and making them accessible for the general public. That is why assets placed in Heritage Maintenance Funds continue to receive a complete exemption from inheritance tax.

The Treasury regularly monitors all reliefs and exemptions, including Heritage Maintenance Funds, to ensure they continue to be appropriate and affordable.

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