Personal injury compensation payments
If you receive a personal injury compensation payment, you may not have to pay tax on it.
Payments you may claim an exemption from tax on include:
If you are unsure if your compensation payment is exempt, please contact us via myEnquiries for further assistance.
Occasionally a personal injury can cause significant mental or physical damage. Where this occurs, you may not have to pay tax on income you receive from investing your compensation.
Next: How do you qualify for the investment exemption?