A AlastairSC Registered User Messages 357 20 Mar 2017 #1 Received an out-of-court settlement for a traffic accident (30k). I'm a PAYE tax-payer. Anyone know if I have to pay any type of tax on this?
Received an out-of-court settlement for a traffic accident (30k). I'm a PAYE tax-payer. Anyone know if I have to pay any type of tax on this?
S srase Registered User Messages 69 20 Mar 2017 #2 Personal injury compensation is tax free in most cases. See following link for more details - [broken link removed] If the compensation was for loss of earnings instead of personal injury it may be taxable.
Personal injury compensation is tax free in most cases. See following link for more details - [broken link removed] If the compensation was for loss of earnings instead of personal injury it may be taxable.
A AlastairSC Registered User Messages 357 20 Mar 2017 #3 It was for personal injury. So, no tax . Thanks, Srase.