Compensation and Restitution: UK

Tax Relief on Holocaust Compensation

Lump sum compensation payments received by Holocaust survivors are excluded from inheritance tax (IHT) under an extended concession announced in March 2002 by the British government. Extra-statutory concession F20 allows the amount of the compensation payment to be deducted from the claimant’s IHT chargeable estate, whether the payment is made to the claimant before their death or is made subsequently to their personal representatives.

In addition., the terms of the extra-statutory concession A100 introduced in May 2000 have been extended to cover awards made from bank assets restitution schemes such as the Restore UK program and similar asset restitution initiatives from foreign banks, such as awards received through the Claims Resolution Tribunal on behald of the Swiss Banks Settlement.The restitution awards are to be free from income and capital gains taxes.

Recipients of qualifying awards where tax has already been paid are entitled to a rebate, whilst claimants expecting a payment do not need to include the award(s) in future tax returns.

Pensions and allowances paid to victims of Nazism are also exempt from income tax. For more information, see www.ajr.org.uk/claimstax.htm

Compensation Assistance

A Central Office for Holocaust Claims operates under the aegis of the Umbrella Group representing and supporting Holocaust survivors and refugees in the United Kingdom. The office will coordinate restitution and compensation inquiries and offer advice and assistance to survivors and heirs.

For more information, contact:

Central Office for Holocaust Claims
AJR
Jubilee House
Merrion Avenue
Stanmore
Middx HA7 4RL
Telephone: 020 8385 3070
Direct Fax: 020 8385 3080
Email: enquiries@ajr.org.uk
Website: www.ajr.org.uk

The information presented herein is intended for information purposes only and solely as a general guide.The information is not intended as legal advice. It is a summary of specific issues and does not represent a definitive or complete statement of the programs and policies of the agencies or governments mentioned. The information may not address the special needs, interests and circumstances of individual recipients. Individual situations differ and recipients are urged to seek individual advice.Individuals seeking specific information on a program are urged to contact the relevant program or to consult their social service agency or help center representative. To the best of our knowledge the information is correct as of the date of this document and this information may change subsequent to the said date. Updated July 2005

Compensation & Restitution Resources

Compensation and Restitution: UK

Tax Relief on Holocaust Compensation