BIM42950 - Specific deductions: compensation & damages: contents
Compensation may arise in a variety of circumstances. This chapter describes the taxation treatment of payments and receipts for trading income purposes and covers the following:
| BIM42951 | General |
| BIM42955 | Purpose test |
| BIM42960 | Capital |
- For compensation paid for damages caused by mining operations see BIM62025.
- For treatment of compensation or damages in the hands of the recipient see BIM40100 onwards and EIM12852.
- For compensation payments by brewers to tenants of tied houses see BIM51425.
