Question to the HM Treasury:

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.

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 - Gifts to political parties: introduction - HMRC internal manual - GOV.UK. There is no Inheritance Tax exemption for gifts to regulated donees.

On capital gains tax, I would refer the Honourable Member to the answers I gave to UIN 129858 and UIN 1344