Taxation of Chargeable Gains Act 1992 section 268A

Victims of National-Socialist persecution

Section 268A exempts from capital gains tax any gain arising on the disposal of a right to receive a qualifying payment connected with National-Socialist persecution, or the disposal of a co-ownership interest in such a right.

• Any gain on the disposal of a right to receive all or part of a qualifying payment relating to National-Socialist persecution is exempt from capital gains tax.
• A qualifying payment is one that falls within the income tax exemption for payments to or in respect of victims of National-Socialist persecution under ITTOIA 2005.
• The exemption also covers disposals of co-ownership interests in such rights, regardless of whether ownership is joint or in common.
• It does not matter whether the co-owners hold equal or unequal shares in the right.