Exemptions from income tax are available in respect of various periodical payments and annual payments made in respect of personal injury damages1.
For the purposes of this exemption, 'damages in respect of personal injury' includes damages in respect of a person's death from personal injury, and 'personal injury' includes disease and impairment of physical and mental condition2.
The exemption applies to periodical payments made in accordance with an order of the court (including a similar foreign court order)3. It also applies to an agreement for settling, or making payments
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Web page updated on 17 Mar 2025 15:54