IHTM10280 - Statutory Compensation Scheme Payments
Schedule 15 to the Finance Act 2020 provides for Inheritance Tax (IHT) relief where scheme payments are received and those payments meet the requirements as set out in the Schedule.
The relief is calculated in the same way as for payments made under compensation schemes for wrongs suffered during World War II and the instructions at IHTM04423 should be followed.
The current schemes are:
Windrush Compensation Scheme IHTM10281
The Troubles Permanent Disablement Scheme IHTM10282
Post Office Horizon Compensation Scheme IHTM10283
Infected Blood Interim Compensation Payment Scheme (IBICPS) IHT10284