{
  "url": "https://openlegislation.uk/inheritance-tax-act-1984/section-24",
  "json_url": "https://openlegislation.uk/inheritance-tax-act-1984/section-24.json",
  "legislation": "ukpga/1984/51",
  "legislation_title": "Inheritance Tax Act 1984",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-act-1984",
  "path": "section/24",
  "kind": "section",
  "number": "24",
  "heading": "Gifts to political parties.",
  "text": "(1) Transfers of value are exempt to the extent that the values transferred by them—\n(a) are attributable to property which becomes the property of a political party qualifying for exemption under this section; . . .\n(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2) A political party qualifies for exemption under this section if, at the last general election preceding the transfer of value,—\n(a) two members of that party were elected to the House of Commons, or\n(b) one member of that party was elected to the House of Commons and not less than 150,000 votes were given to candidates who were members of that party.\n(3) Subsections (2) to (5) of section 23 above shall apply in relation to subsection (1) above as they apply in relation to section 23(1).\n(4) For the purposes of section 23(2) to (5) as they apply by virtue of subsection (3) above property is given to any person or body if it becomes the property of or is held on trust for that person or body, and “donor” shall be construed accordingly.\n(5) To the extent that the value transferred by a transfer of value made on the death of a member of a pension scheme is attributable to the member’s notional pension property—\n(a) the value transferred is treated for the purposes of this section as also attributable to any property that on the death of the member is given under the scheme to a political party qualifying for exemption under this section, and\n(b) section 23(2) does not (despite subsection (3)) apply in relation to subsection (1).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Repealed by Finance Act 1988 s. 137and Sch.14, Part Xin relation to transfers of value made on or after 15March 1988."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 24(5) inserted (with application in accordance with s. 71 of the amending Act) by Finance Act 2026 (c. 11), ss. 69(5), 71"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 24 applied (6.3.1992 with effect as mentioned in s. 289(1)(2) of the applying Act) by Taxation of Chargeable Gains Act 1992 (c. 12), ss. 264(8), 289(with ss. 60, 101(1), 201(3))."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1984/51/section/24",
    "retrieved_at": "2026-10-29T10:01:12.914001+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}