Introduction Background Note
4.At Autumn Statement 2014 the government announced that the existing exemption from IHT for awards for valour and gallantry will be extended to include awards for service in the armed forces, and awards made by the State in recognition of achievements and service in public life, such as OBEs. The exemption will also include Orders, decorations or awards made by other countries and territories. The amendments made by this section will have effect for all transfers of such property made (or treated as made) on or after 3 December 2014.