Commentary

C2.505 Compensation for personal or professional injury

Capital gains tax
Capital gains tax | Commentary

C2.505 Compensation for personal or professional injury

Capital gains tax | Commentary

C2.505 Compensation for personal or professional injury

For the latest New Development, see ND.67.

Sums obtained by way of compensation or damages for any wrong or injury suffered by an individual in his person or in his profession or vocation are not chargeable gains1. This exemption covers compensation for distress, embarrassment, and loss of reputation or dignity (such as damages for unfair or unlawful discrimination or for defamation) as well as physical injury. The same applies to damages received in respect of a wrong or injury suffered by an individual in his professional capacity. Where the compensation is received by a

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial