Section 268A — Taxation of Chargeable Gains Act 1992: Victims of National-Socialist persecution

Victims of National-Socialist persecution 268A 1 A gain accruing on a disposal is not a chargeable gain if it accrues on—

a a disposal of the right to receive the whole or any part of a qualifying payment in respect of National-Socialist persecution, or b a disposal of an interest in any such right.

2 A payment is a qualifying payment in respect of National-Socialist persecution if it is payable as mentioned in paragraphs (a) to (c) of section 756A(1) of ITTOIA 2005 (income tax exemption for payments to or in respect of victims of National-Socialist persecution).

3 In this section “ interest ”, in relation to any right, means an interest as a co-owner of the right.

4 It does not matter—

a whether the right is owned jointly or in common, or b whether or not the interests of the co-owners are equal.