Nick Thomas-Symonds

Nick Thomas-Symonds

Labour — Torfaen

Speaking in the House of Commons on 13 February 2025

Debate

Infected Blood Compensation Scheme

Contribution

First, I should say for clarity that all IBCA payments made to those in the UK will be exempt from income tax, capital gains tax and inheritance tax. Anyone who is in direct receipt of compensation from IBCA, or is a beneficiary of an estate to which compensation was paid on behalf of the deceased, does not need to pay income tax, capital gains tax or inheritance tax on the amount that they receive. I am aware of the concern that my hon. Friend is talking about; that is a slightly different situation. If she writes to me with the details of the case, I will be more than happy to look into it.

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