SE12870 - Termination payments and benefits: action required if a payment is not chargeable under Sections 19, 313 or 596A

Section 148 ICTA 1988

If a payment is not chargeable under Sections 19 (1) 1, 313 or S596A ICTA 1988 consider whether it falls within the scope of Section 148 ICTA 1988 ( SE13010).

If it does, examine whether:

• it is exempt from charge ( SE13500 and subsequent guidance) and/or whether
• it qualifies for relief ( SE13700)

If it does not fall within the scope of Section 148 ICTA 1988, consider liability to Capital Gains Tax if it is a payment for the disposal of an asset ( SE00710).