CG13085 | Compensation: London Capital & Finance compensation scheme: statutory exemption

The government has established a compensation scheme for investors who lost money following the collapse of London Capital & Finance plc (LCF).

A statutory instrument, The London Capital and Finance Compensation Scheme (Chargeable Gains Exemption) Regulations 2021, SI2021/1385 provides that compensation payments made to investors under the LCF compensation scheme are exempt from capital gains tax.

The LCF compensation scheme guidance on the gov.uk website provides further information about the scheme.