Section 77 | Power to make provision about infected blood compensation payments

(1)The Treasury may by regulations made by statutory instrument make provision conferring relief from inheritance tax in respect of infected blood compensation payments.

(2)The provision that may be made under subsection (1) includes provision about the treatment of dispositions of amounts received by way of, or that are otherwise referable to, infected blood compensation payments.

(3)Regulations under subsection (1) may—

(a)amend or otherwise modify Schedule 15 to FA 2020 (tax relief for scheme payments etc);

(b)include retrospective provision that does not increase any person’s liability to tax;

(c)make different provision for different cases;

(d)include consequential, transitional or saving provision.

(4)In this section—

“infected blood compensation payment” means a payment that—

is made under an infected blood compensation scheme, and

is a qualifying payment for the purposes of Schedule 15 to FA 2020 (tax relief for scheme payments etc) by virtue of regulations made under paragraph 2(5) of that Schedule;

“infected blood compensation scheme” means—

the infected blood compensation scheme established by virtue of section 49 of the Victims and Prisoners Act 2024, or

the scheme known as the Infected Blood Interim Compensation Payment Scheme (a non-statutory scheme established before that mentioned in paragraph (a)).

(5)A statutory instrument containing regulations under subsection (1) that amend or otherwise modify Schedule 15 to FA 2020 may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.

(6)A statutory instrument containing any other regulations under subsection (1) is subject to annulment in pursuance of a resolution of the House of Commons.