TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Compensation payments from personal injuries

Where a permanently incapacitated individual receives compensation payments for personal injuries and invests those monies, they may be exempt from certain taxes on the income and gains arising from those investments. The individual must be incapable of maintaining himself or herself. Revenue has provided additional guidance in its Tax and Duty Manual (Chapter 2) on what this means.