AJR secures tax exemption for Kinder

The Association of Jewish Refugees (AJR) has secured tax exemptions for Kinder receiving the 2,500 euros compensation paid by the German government through the Claims Conference.

In a letter sent to the Trustees of the AJR on 7 June 2019, the Financial Secretary to the Treasury, Rt Hon. Jesse Norman MP, confirms that the awards will not attract income tax or capital gains tax. Mr Norman continued “As it stands, the compensation payments would be considered part of a recipient’s taxable estate for inheritance tax (IHT). However, I am pleased to confirm that the Government will be making legislative changes necessary to ensure these payments are not subject to IHT. I have made a statement to Parliament announcing the Government’s intention to make these changes in the next Finance Bill.”

AJR Trustee David Rothenberg said, “On behalf of those of our members whom this will affect I thank the Financial Secretary for this welcome confirmation, and also for his kind tribute to the work of the AJR. To date over 300 Kinder have already received their reparation, and while no amount of money could ever compensate for what our members suffered, this modest gesture recognises their particular experience.”