Taxation of Chargeable Gains Act 1992 section 51

Exemption for winnings and damages etc.

Section 51 confirms that certain receipts — namely gambling winnings and personal compensation or damages — fall outside the scope of capital gains tax.

• Winnings from betting (including pool betting), lotteries and games with prizes are not chargeable gains.
• No chargeable gain or allowable loss arises on disposing of rights to such winnings.
• Compensation or damages received by an individual for personal injury are not chargeable gains.
• Compensation or damages for wrongs suffered in an individual's profession or vocation are also exempt.