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Heritage Property

Heritage Property

About

Hewitsons’ Private Wealth team has significant experience of advising the owners of heritage property on a range of matters, in particular the conditional exemption and heritage maintenance funds.


The conditional exemption enables inheritance tax on land or objects of importance to our national heritage to be deferred, potentially indefinitely, provided a claim is made to H M Revenue & Customs (HMRC) within specified time limits and certain undertakings are given. The undertakings depend on the nature of the asset. Where land or buildings are concerned, the undertakings will be to maintain and preserve the land or buildings, and trusts will be established to hold funds for this purpose. Such trusts are known as heritage maintenance funds and must satisfy certain conditions. If they fail to do so, additional tax charges will apply.


The conditional exemption is potentially extremely valuable and unsurprisingly the legislation is onerous and strictly applied. Certain events trigger loss of the exemption and the payment of inheritance tax, with potentially devastating consequences.


Our understanding of the complex provisions of the inheritance tax legislation, and our experience of dealing with Valuers and the Heritage Section of HMRC in relation to the inheritance tax conditional exemption and maintenance funds, is particularly valuable in securing and maintaining the benefit of the exemption.


We also provide comprehensive advice on Wills and inheritance tax, tax planning, lifetime gifts, estates, trusts and Lasting Powers of Attorney.

Key Contacts

Bernadette O'Reilly - Partner

Bernadette O'Reilly

Partner

+44 (0)1223 532763

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Clare Colacicchi - Partner

Clare Colacicchi

Partner

+44 (0)1604 463317

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Meet the team

Latest testimonials

"We have used Stephanie Dennis for recent projects and we are very pleased and satisfied. We will continue to use Hewitsons in the future."
Mr & Mrs L

"Thanks to Stephanie Dennis who handled the land sale who was always helpful and patient with precise answers to any query presented."
Executors of Mrs R

"Stephanie Dennis is very diligent, efficient and communicative. Her work is always carried out with complete professionalism and skill."
Client Testimonial c/o Legal 500


Latest testimonials

"Charles Hewitson is involved at all levels on a personal and business level. He is an excellent leader and ambassador for the firm."
Client quote to Legal 500

Latest testimonials

"Denise Wilkinson exhibits great knowledge and attention to detail."
Client Testimonial c/o Legal 500

"I work regularly with Denise Wilkinson who is exceptional in every way.” 
Client Testimonial c/o Legal 500

“Denise Wilkinson provides excellent advice on a range of property matters in a concise and clear way which is readily understood.”

Client Testimonial c/o Legal 500








Latest testimonials

"Susanne Hinde is particularly good and ensures a clear and rapid response of all of the team members."
Client quote to Legal 500

Latest testimonials

“Hewitsons is an impressive practice – client-focused, efficient and effective. The firm punches well above its weight.”
Client Testimonial c/o Legal 500

“Great communication, reasonable fees, good value for the money.”
Client Testimonial c/o Legal 500

“The firm provides excellent partner expertise at highly competitive rates.”
Client Testimonial c/o Legal 500

"They are an efficient, knowledgeable team, which is able to advise and carry out work on a variety of topics."
Client Testimonial c/o Legal 500

"Hewitsons provided us with timely legal support adhering to the scope of the service agreed."
Client Testimonial c/o Legal 500

Latest testimonials

“I particularly liked the approach of Hewitsons in that we worked with the same lawyer from initial discussions and quotation through to completion of the sale. This meant there was good continuity throughout the project.”
Client Testimonial c/o Legal 500

"In my experience Hewitsons is top of its class. It has experts in every field."
Client Testimonial c/o Legal 500

"Hewitsons is outstanding. It is professional, knowledgeable and efficient."
Client Testimonial c/o Legal 500

Latest testimonials

“The firm provides excellent partner expertise at highly competitive rates.”
Client Testimonial c/o Legal 500

"They are an efficient, knowledgeable team, which is able to advise and carry out work on a variety of topics."
Client Testimonial c/o Legal 500

"Hewitsons provided us with timely legal support adhering to the scope of the service agreed."
Client Testimonial c/o Legal 500

Latest testimonials

"They are an efficient, knowledgeable team, which is able to advise and carry out work on a variety of topics"
Client Testimonial c/o Legal 500


"The whole team offers excellent customer service, being responsive and timely with its advice"
Client Testimonial c/o Legal 500

“A dynamic yet pragmatic approach to getting the job done.”
Client Testimonial c/o Legal 500

“Hewitsons has high professional standards. They are well informed, cover all of our necessary disciplines and cover them well. They are always available at short notice when required.”
Client Testimonial c/o Legal 500




Latest testimonials

Gareth Williams has a practical and proactive approach to projects, which is often missing elsewhere‘.
Client Testimonial c/o Legal 500

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