Extra Statutory Concession F20 provides an inheritance tax exemption for a variety of compensation payments including those relating to World War II.
Finance Bill 2016 will include legislation to enact this concession for deaths on or after 1 January 2015. The legislation will also include payments made under a newly created Child Survivor Fund.
As this is an enactment of a concession, the change relating to compensation covered by the concession should be neutral. However our experience is that such enactments do not always mirror the original concession.