Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Income Tax (Trading and Other Income) Act 2005 section 732
Compensation awards
Section 732 provides an income tax exemption for annuity payments arising from compensation awards under the Criminal Injuries Compensation Scheme or the Victims of Overseas Terrorism Compensation Scheme, and gives the Treasury power to extend similar exemptions to other personal injury compensation schemes.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.