IHTM04421 - Compensation for wrongs suffered during World War II: ex-gratia payment to Britons held as prisoners of war by the Japanese
On 7 November 2000, the 바카라 사이트 announced that on a claim made to the War Pensions Agency, it was to make an ex-gratia payment of £10,000 to all surviving members of British Groups held prisoner by the Japanese during the Second World War. Where a member did not survive to 7 November, the surviving spouse will be entitled to claim. If the member survived to 7 November, but died before making a claim, either the estate or the surviving spouse may make the claim. It is known as the Far Eastern Prisoners of War Ex-Gratia Scheme.
Claimants are entitled to a single sum of £10,000 unless exceptionally they qualify for more than one payment by being both an ex-prisoner of war themselves and the surviving spouse of a deceased ex-prisoner of war.
Normally the payment, or the value of the right to make the claim, would form part of the deceased바카라 사이트™s chargeable estate.
Under IHTA84/S153ZA (replacing Extra Statutory Concession (ESC) F20) where the payment has been made, or the personal representatives include a value for the right to make a claim, the payment/value for the right is effectively left out account for Inheritance Tax purposes.
The ESC applied to all deaths after 7 November 2000, whether or not the money can actually be traced in the deceased바카라 사이트™s assets and irrespective of when the money is received. S153ZA replaced the ESC for deaths on or after 1 January 2015.
If the payment is made, the estate is entitled to the deduction.
The instruction at IHTM04423 tells you how to apply the relief.