HM Treasury has announced that the list of schemes that are exempt from inheritance tax has been extended to include the child survivor fund for victims of the Holocaust. Payments from nine compensation and ex-gratia schemes for survivors of atrocities during World War II have been exempt from inheritance tax on a concessionary basis for several years.
The child survivor fund, a German scheme, was launched in early 2015 and provides a one-off payment of €2,500 as compensation for the suffering of Holocaust survivors. The draft Finance Bill 2016 provisions included measures that will put the existing concession into law and extend the exemption to include the child survivor fund.
HM Treasury has announced that the list of schemes that are exempt from inheritance tax has been extended to include the child survivor fund for victims of the Holocaust. Payments from nine compensation and ex-gratia schemes for survivors of atrocities during World War II have been exempt from inheritance tax on a concessionary basis for several years.
The child survivor fund, a German scheme, was launched in early 2015 and provides a one-off payment of €2,500 as compensation for the suffering of Holocaust survivors. The draft Finance Bill 2016 provisions included measures that will put the existing concession into law and extend the exemption to include the child survivor fund.
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")