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:
- 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.
