8U.K.In section 809Z6 (exempt property: other interpretation), after subsection (4) insert—
“(5)References to property being lost, stolen or destroyed are to the property being lost, stolen or destroyed whilst in the United Kingdom.
(6)“Compensation payment”, in relation to property that has been lost, stolen or destroyed, means any payment of compensation (whether under an insurance policy or otherwise) in respect of the property.
(7)A compensation payment is “released” on the day on which it first becomes available for use in the United Kingdom by or for the benefit of any relevant person.
(8)Property that has been lost or stolen is “recovered” on the day on which it becomes available to be used or enjoyed in the United Kingdom by or for the benefit of a relevant person.”