95 Inheritance tax: victims of persecution during Second World War era
Finance Act 2016 (2016 c 24) | Legislation

95  Inheritance tax: victims of persecution during Second World War era

(1)     After section 153 of IHTA 1984 insert—

“Payments to victims of persecution during Second World War era

153ZA Qualifying payments

(1)     This section applies where a qualifying payment has at any time been received by a person (“P”), or by the personal representatives of P.

(2)     The tax chargeable on the value transferred by the transfer made on P's death (the “value transferred”) is to be reduced by an amount equal to—

(a)     the relevant percentage of the amount of the qualifying payment, or

(b)     if lower, the amount of tax that would, apart from this section, be chargeable on the value transferred.

(3)     In subsection (2) “relevant percentage” means the percentage specified in the last row of the third column of the Table in Schedule 1.

(4)     For the purposes of this section, a “qualifying payment”

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