Chancellor Eliminates Infected Blood Scandal IHT Charge in Budget 2025
In the Chancellor’s Autumn Budget 2025, a significant development unfolded regarding the infected blood scandal. The Chancellor announced a crucial exemption related to compensation payments for victims impacted by this tragic event.
Exemption from Inheritance Tax
The Chancellor confirmed that compensation payments linked to the infected blood scheme will be exempt from Inheritance Tax (IHT). This exemption applies “regardless of the circumstances in which those payments are passed down.” This decision aims to provide relief to affected families and ease their financial burdens.
Funding for Victims
In her speech, the Chancellor highlighted the allocation of government funding for those impacted by the scandal. She stated that more than 30,000 individuals contracted HIV and Hepatitis C from contaminated blood products received in the 1970s. The announcement positions the government as taking responsibility for the repercussions of this historical tragedy.
Accusations Against the Conservatives
The Chancellor didn’t hold back in criticizing the opposing Conservative party. She accused them of failing to budget for necessary compensation payments, emphasizing that providing support to affected individuals should take precedence in the management of taxpayers’ money.
Key Statistics
- Over 30,000 people infected.
- Contaminated blood products distributed in the 1970s.
This landmark decision signals a commitment to addressing the legacy of the infected blood scandal and providing justice and support to the victims and their families as they navigate the aftermath of this historical event.
