Legal News

The Treasury has announced that child victims of the Holocaust will be exempt from inheritance tax on compensation payouts from the Child Survivor Fund for the WWII atrocities they survived.

The Financial Secretary to the Treasury, David Gauke, has confirmed that compensation payments from the Child Survivor Fund for victims of the Holocaust will be added to the current list of WWII compensation schemes exempt from inheritance tax.

Payments from nine compensation and ex gratia schemes for survivors of the Holocaust have been exempt from inheritance tax on a concessionary basis for several years.

The Child Survivor Fund – a German scheme – was launched earlier in 2015 and provides a one-off payment of €2,500 as compensation for the suffering of Holocaust survivors.

David Gauke said:

“Many people faced appalling persecution during WWII.

“I’m glad we’ve been able extend the inheritance tax exemption even further to include a one off compensation payment for victims who endured this unimaginable trauma in their childhood.”

David Rothenberg – a trustee of the Association of Jewish Refugees – added:

“This wonderful news will be of great comfort to those of our members who will receive an award from this historic programme.”

The details of the exemption are included in the 2016 Finance Bill, published on 9 December.

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