TCTM04607 - Further disregards in the calculation of investment income: Compensation payments to Holocaust victims

The Tax Credits (Definition and Calculation of Income) Regulations 2002, Reg. 10(2), Table 4, Item 7.

When calculating investment income, disregard the following:

• Any compensation received by the claimant from a bank or building society for interest on an unclaimed account held by a Holocaust victim and which is vested in the Custodian of Enemy Property under section 7 of the Trading with the Enemy Act 1939 and exempt from income tax under section 756A of ITTOIA .